Acquisition Cost and Depreciation Reveille, Inc., purchased Machine #204 on April 1, 2019, and placed the machine into production on April 3, 2019. The following information is relevant to Machine #204: Price $60,000 Freight-in costs $2,500 Preparation and installation costs $3,900 Labor costs during regular production operation $10,200 Credit terms 2/10, n/30 Total productive output 138,500 units The company expects that the machine could be used for 10 years, after which the salvage value would be zero. However, Reveille intends to use the machine only 8 years, after which it expects to be able to sell it for $9,800. The invoice for Machine #204 was paid April 10, 2019. The number of units produced in 2019 and 2020 was 23,200 and 29,000, respectively. Reveille computes depreciation expense to the nearest whole month. = $ Required: Compute the depreciation expense for 2019 and 2020, using the following methods. Round your answers to the nearest dollar. 1. Straight-line method: 2019 depreciation expense 2020 depreciation expense = $ 2. Sum-of-the-years'-digits method: 2019 depreciation expense = $ 2020 depreciation expense = $ 3. Double-declining-balance method: 2019 depreciation expense = $ 2020 depreciation expense = $ 4. Activity method based on units of production: 2019 depreciation expense 2020 depreciation expense = $ = $