A machine that cost $400,000 has an estimated residual value of $40,000, an estimated useful life of five years, and estimated lifetime production of 20.000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1.5.000 hours in year 2, 4,000 hours in year 3, 2,000 hours in year 4, and 6,000 hours in year 5. Required: 1. Calculate the machine's depreciable cost. 2. Calculate the amount of depreciation expense that will be taken per each hour the machine is used. Formula: Depreciable Cost 1 Estimated Lifetime Production Depreciation Rate Per Unit of Production Calculation: 1 3. Calculate the machine's depreciation expense, accumulated depreciation, and book value for all five years of the machine's useful life. Units for the Depreciation Depreciation Accumulated Ending Book Year Rate per unit Expense Depreciation Value Year 1: Year 2: Year 3: X Year 4: I Year 5: A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of five years. The company uses double-declining-balance depreciation Required: 1. Calculate the machine's depreciable cost. Accumulated Depreciation Ending Book Value 2. Calculate the machine's depreciation expense, accumulated depreciation, and book value for the first four years. Beginning Book Value 2 Depreciation 1 Useful Life for Year Expense Year 1: X 2 1 Year 2: 2 1 Year 3: 2 1 Year 4: X 2 1 3. Calculate the machine's depreciation expense, accumulated depreciation, and book value for year 5. Beginning Residual Depreciation Accumulated Ending Book Book Value Value Expense Depreciation Value for Year Year 5