A new machine costing $$12,000$ cash and estimated to have a $$2,000$ salvage value was purchased on January $1.$ The machine is expected to produce $2,000$ units of product during its $10-$year useful life. Calculate depreciation expense in the first year under the following independent situations.

The company uses the units$-$of$-$production method and the machine produces $300$ units of product during its first year.

The company uses the double$-$declining$-$balance method.

The company uses the straight$-$line method.

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Calculate depreciation expense in the first year if the company uses the units$-$of$-$production method and the machine produces $300$ units of product during its first year.

Select formula for the depreciation rate of Units of Production:

Galculate the first year depreciation expense:

$\backslash$table$[[$Depreciation per unit$],[$Units in first year$],[$Depreciation in first year$]]$