A machine costing $787,500 with a five-year useful life and a $78,750 salvage value is installed in the factory on January 1. The factory manager estimates the machine will produce 21,000 units of product during its life. It actually produces the following units: 3,200 in Year 1; 4,200 in Year 2; 5,200 in Year 3; 5,200 in Year 4; and 3,200 in Year 5. Calculate annual depreciation expense using the straight-line, units-of-production, and double-declining balance methods. Year 1 Year 2 Year 3 Year 4 Year 5 Totals Straight-line Units-of-production Double-declining balance

A machine costing $787,500 with a five-year useful life and a $78,750 salvage value is installed in the factory on January 1 . The factory manager estimates the machine will produce 21,000 units of product during its life. It actually produces the following units: 3,200 in Year 1;4,200 in Year 2; 5,200 in Year 3; 5,200 in Year 4; and 3,200 in Year 5. Calculate annual depreciation expense using the straight-line, units-of-production, and double-declining balance methods