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Depreciation - 15 minutes - 6 marks On January 1, 2020, Kings Landing Corporation purchased a machine for manufacturing crossbow arrows for $47,000. The company expects the machine to last for 3 years or 9,000 units of production, with an estimated residual value of $8,030. Required: 1. Calculate depreciation and book value for each year of the machine's estimated useful life using the units of production method. The actual production per year is listed below. Space has been provided below to show your calculations. Round to two decimal spaces. 2020................ 4,500 2021... 3,000 2022......... 1,500 7 " TY B I X2 x2 :E III opp 8? PA e Year Depreciation Expense Book Value 2020 2021 2022 1 A T Ff B I U X2 x2 ii MIC 10 ll Year Depreciation Expense Book Value 2020 2021 2022 Calculations