Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year1: Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 70,500 $ 8,000 $ 2,000 5 years 151,000 $ 5,000 During Year 1, the machine produced 47000 units, and during Year 2 it produced 49,000 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,% 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 1 Year 2 a. Depreciation expense b. Depreciation expense c. Depreciation expense d. Depreciation expense