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 $ 70,500 $ 6,000 $ 1,000 5 years 149,000 $ 3,000 During Year 1, the machine produced 45,000 units, and during Year 2 it produced 47,000 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 3 19.20 17.49 4 11.52 12.49 11.52 8.93 5.76 8.92 7 8.93 4.46 CO OWN Year 1 Year 2 a. Depreciation expense b. Depreciation expense C. Depreciation expense d. Depreciation expense d