Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1 Year : Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $91,000 $5,000 $ 3,00 5 years 160,000 $3,000 During Year 1. the machine produced 56,000 units, and during Year 2 it produced 58,000 units. Required a. Defermine 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: Year 1 2 3 4 5-Year property, 20.00 32.30 19.20 11.52 11.52 5.76 7-Year property, 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5 6 7 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 Year property. 1 20.00 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 17-Year property. 14.29 24.49 17.49 12.49 8.93 8.92 8.90 4.46 Year 1 Year 2 8 D Depreciation expense Depreciation expense Depreciation expense Depreciation expense C. d