A new machine costing $38,400 cash and estimated to have a $6,400 salvage value was purchased on January 1. The machine is expected to produce 4,000 units of product during its 8 -year useful life. Calculate depreciation expense in the first year under the following independent situations. 1. The company uses the units-of-production method and the machine produces 600 units of product during its first year. 2. The company uses the double-declining-balance method 3. The company uses the straight-line method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense in the first year if the company uses the units-of-production method and the machine produces 600 units of product during its first year. A new machine costing $38,400 cash and estimated to have a $6,400 salvage value was purchased on January 1 . The machine expected to produce 4,000 units of product during its 8 -year useful life. Calculate depreciation expense in the first year under the following independent situations. 1. The company uses the units-of-production method and the machine produces 600 units of product during its first year 2. The company uses the double-declining-balance method. 3. The company uses the straight-line method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense in the first year if the company uses the double-decining-balance method. Double-declining-balance depreciation for the first year A new machine costing $38,400 cash and estimated to have a $6,400 salvage value was purchased on January 1. The machine is expected to produce 4,000 units of product during its 8 -year useful life. Calculate depreciation expense in the first year under the following independent situations. 1. The company uses the units-of-production method and the machine produces 600 units of product during its first year 2. The company uses the double-declining-balance method 3. The company uses the straight-line method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense in the first year if the company uses the straight-line method