C AutoSave OH H File Home Group Exercise #3 Questions - Excel Page Layout Formulas Data Review Search View O Comments Insert Draw Help X = == Op alle Wrap Text General A 12 D dylan surita 4* - Share 47 0 4 Insert Delete Format Sort & Find & Ideas Filter Select Editing Ideas Calibri 11 A A BIU - DA E 38 0 Paste " D E s Merge & Center $ % 48.00 Conditional Format as Cell Formatting Table Styles Styles site Format Clipboard F Font Alignment Number Cells D E F G H I A C 4 Problem 1 5 Collins Corporation purchased a new factory machine on April 1, 2020 for $30,000. The estimated useful life is 7 years with a $2,000 salvage value. Management estimates that the new machine will produce 14,000 over its life. 1 Compute depreciation expense for 2020 using the straight-line method (Note that the asset was purchased on April 1, 2020) 2 Compute depreciation expense under units-of-activity for 2020 if the machine produces 3,500 units in 2020. 3 Compute depreciation expense for 2021 using the straight-line method. Problem 1 Problem 2 | Ready 5 @ 1 - - + 100% Type here to search Oxie - @ 9 w x ^ . O 19 5:56 PM 3/31/2020 W