Calculating depreciation expense using three different methods Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2018: Purchase Price $70,000 Delivery Cost $3000 Installation charge $1000 Estimated life 5 years Estimated units 140,000 Salvage Estimate $4000 During 2018, the machine produced 36,000 units and during 2019, it produced 38,000 units. Required: Determine the amount of depreciation expense for 2018 and 2019 using each of the following methods: a. Straight-line. b. Double-declining-balance. c. Units of production.

Please format answers similar to below examples

a. Straight-Line Show how you calculate the amount: 2018 $ 2019 $ Double-Declining-Balance Show how you calculate the amount b. c. Units-of-Production Show how you calculate the amount