A new machinery costing $65,000 was placed into service on April 1, 2022 with salvage value of $2,000 and an estimated life of 10 years, or 50,000 hours. The company has year-end of Dec 31 . Instructions: Compute the following using Straight- Line method: 1. Depreciation Expense for Year 1 (3 points) 2. Depreciation Expense for Year 2 (3 points) 3. Book Value at the end of Year 2 (3 points) Compute the following using Units-of Activity Method: 4. Depreciation Expense for Year 1, with actual usage of 6,000 hours (3 points) 5. Book Value at the end of Year 1 (3 points) Show the step-by step calculations for each item numbered 1 to 5