Banko Inc., manufactures sporting goods. The following information applies to a machine purchased on January 1. Year to Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 55,800 $ 4,080 $ 2,000 5 years 142,000 $ 5,080 During Year 1, the machine produced 38,000 units, and during Year 2 it produced 40,000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining balance method c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table: 5-Year 7-Year Year property, property. 1 20.00 14.29 2 32.00 24.49 19.20 17.49 4 11.52 12.49 5 11.52 8.93 6 5.76 8.92 8.93 8 4.46