Abdulaziz Co purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000. Calculate the depreciationexpense, accumulated depreciation, book value throughout its useful life using 1-Straight-line Method. 2- Units of Production Methodifthe machine produces 100,000 units. Here is a table of units produced each year: Second Third F First 23,000 ourth 30,000 Fifth 22.000 25,000 - 3- Double Declining Balance Method (2 Marks). Q2-On June 1, 2019, ABC Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. a. Whatis the total amount of interest to be paid on this note? b. Prepare ABC Company's generaljournal entry to record the issuance of the note payable c. Prepare ABC Company's generaljoumal entry to record the payment of the note on September 29, 2019 (2 marks). Q3. What are the characteristics of corporations (1 mark)