Banko Incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1. Purchase price Delivery cost Installation charge. $61,000 $5,000 $1,000 Estimated life. Estinated units Salvage estimate 5 years 155,000 $5,000 During Year 1, the machine produced 51,000 units, and during Year 2 it produced 53,000 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 Year property, 7-Year property,X 1 20.00 14.29 2 32.00 24.49 3 19.20 17.49 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46 Year 1 Year 2 4