Banko Inc manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 57,200 $ 6,000 $ 5,000 5 years 158,000 $ 5,000 During Year 1. the machine produced 54.000 units, and during Year 2 it produced 56,000 units Required o. 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 3-year 7-Year Year property, property. 14.29 2 32.00 2442 3 12.4 4 11.52 12.40 11.53 8.33 6 5.76 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 c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production metho d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the 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 3 19.20 17.49 4 11.52 12.49 5 11.52 8.93 6 5.26 8.92 8.93 8 4.46 Year 1 Year 2 Depreciation expense b. Depreciation expense Depreciation expense Depreciation expense