(a.) Using the straight-line depreciation method, calculate the depreciation expense to be recognized in the second year of the machine's life and calculate the accumulated depreciation after the third year of the machine's life. (b.) Using the double-declining-balance depreciation method, calculate the depreciation expense for the third year of the machine's life and the net book value of the machine at this point in time. \#2: Lessee, Inc., acquired the use of a machine by agreeing to pay the manufacturer of the machine $20,000 per year for 5 years. At the time the lease was signed, the interest rate for a 5-year loan was 8%. Required: (a.) Use the appropriate factor from Table 6-5 to calculate the amount that Lessee, Inc. could have paid at the beginning of the lease to buy the machine outright. (b.) What causes the difference between the amount you calculated in part (a.) and the total of $100,000($20,000 per year for 5 years) that Lessee, Inc. will pay under the terms of the lease? (c.) What is the appropriate amount of cost to be reported in Lessee, Inc's balance sheet (at the time the lease was signed) with respect to this asset? value of SI (single amount), and Table 65 gives the factors for the present value of an annuity of $1 for several discount rates and number of periods. To find the present value of any amount, the appropriate factor from the table is multiplied by the amount to be reeeived or paid in the future. Using the data from the initial example just deseribed, we can calculate the present value of $1.464 to be received four years from now, based on a diseount nate of 105 : 51,4640.6330 (from the 10% columan, four-perinat une of Table (4)=51.000 (roanded