An electric car company purchases machinery for $700 000 on January 1st. The machinery is expected to last 4 years have a residual value of $50 000. The company is planning to depreciate it on an accelerated basis of $300 000 in Year 1, $200 000 in Year 2, $100 000 in Year 3, and $50 000 in Year 4. c) Does one method (straight line versus accelerated depreciation) result in a higher total depreciation expense over the course of 4 years? What should justify the choice of accelerated depreciation over straight-line?