a Screen Shot 2017-02-07 at 5.46.10 File Edit View History Bookmarks People Window Help Check Your Work ducation.com/hm.tpx E9-15 Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the lmpact on the Fixed Asset Turnover Rati [LO3, LOT) Torge Company bought a machine for $67,700 cash. The estimated useful life was five years, and the estimated residual value was $5,900. Assume that the estimated useful life in productive units is 154,500. Units actually produced were 40,900 in year 1 and 46350 in year 2. Required: 1. Determine the appropriate pmounts to complete the following schedule. Answer is complete but not entirely correct Depreciation Expense for 38:333 Book Value at the End of Year 2 Year 2 Year 1 Method of Depreciation Year 55,340 12,360 12,360 S 42,980 Straight-line 18,540 51,340 32,800 Units of production 16,360 27,080 V 29,788X 40,620 Double-declining-balance 2-a. Which method would result in the lowest net income for Year 1? Straight-line eoDouble-declining-balance Units of production Dou 4)a D 4) a Decrease urchase S 138,000 nvestin