Banko Inic 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 $ 78,500 $2,000 $1,000 5 years 159,000 $ 2,000 During Year 1, the machine produced 55,000 units, and during Year 2 it produced 57,000 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 7-Year 5-Year Year property, property. 1 2 20.00 32.00 19.20 11.52 11.52 5.76 5 14.29 24.49 17.40 12.49 8.93 8.02 21.9 4.46 Year 1 Year 2 a. Depreciation expense b. Depreciation expense Depreciation expense d. Depreciation expense C