Coffee Can purchased a coffee drink machine on January 1, 2018, for $42,000. Expected useful life is 10 years or 140,000 drinks. In 2018, 9,000 drinks were sold, and in 2019, 18,000 drinks were sold. Residual v is $7,000. Read the requirements. Requirement 1. Determine the depreciation expense for 2018 and 2019 using the following methods: (a) Straight-line (SL), (b) Units of production (UOP), and (C) Double-declining-balance (DDB). For each method (starting with (a) the straight-line method), select the appropriate formula needed to compute annual depreciation and then determine depreciation expense under that method for 2018 and 2019. (Round any depreciation expense per unit amounts to the nearest cent and all other amounts to the nearest w Requirements Annual Depreciation Formula 2018 21 a. SL b. UOP C. DDB Requirement 2. Prepare a schedule that shows annual depreciation expense, accumulated depreciation, and a. Begin with the straight-line method. 1. Determine the depreciation expense for 2018 and 2019 using the following methods: a. Straight-line b. Units-of-production C. Double-declining-balance 2. Prepare a schedule that shows annual depreciation expense, accumulated depreciation, and book value for 2018 and 2019 using the following methods: a. Straight-line b. Units-of-production C. Double-declining-balance 3. Assume that Coffee Can sold the equipment for $26,000 cash on July 1, 2020. Assume that management has depreciated the equipment by using the double-declining-balance method. Record Coffee Can's depreciation for 2020 and Review your computations from Requirement 1. a. Straight-line Choose from any list or enter any number in the input fields and then continue to the next