Check my work Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price $ 55,800 Delivery cost $ 4,000 Installation charge $ 2,000 Estimated life 5 years Estimated units 142,000 Salvage estimate $ 5,000 During Year 1, the machine produced 38,000 units and during Year 2, it produced 40,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: a. Straight-line b. Double-declining-balance c. Units of production Year 1 Year 2 $ 11,360 $ 11,360