At the beginning of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be five years or 60,000 units of output with an estimated salvage value of $60.000. During the current year, 15,000 units were produced. Show your work below and then record the entries in the journal. Calculate the depreciation using the Straight-line method of depreciation Units-of-production method of depreciation o . 10 Mostly cloudy DOLL a R 5 6 7 8 9 0 R . Y U o o P G H K L . V B . N > M . V