Corporation purchased a machine on January 1, 2022, at a total cost of $600.000, It is estimated that the machine will have a $20.000 salvage value at the end of its 8-year useful life. It is also estimated that the equipment will produce 1,000,000 units over its 8-year fe INSTRUCTIONS: Answer the following independent questions. DO NOT USE S Signs. USE COMMAS IN NUMBERS. ONLY USE 2 DECIMAL SPACES NEEDED. (NO-$10000.123) (NO 10000,123) (YES-10.000.12) 1) Compute the amount of depreciation expense for the year ended December 31, 2022 and December 31, 2023 using the straight-line method of depreciation 2022 Depreciation Expense is: 2023 Depreciation Expense is: 2) If the company uses units-of-activity method, determine the depreciable rate per unit, and the depreciation for 2022 and 2023. Assume that 120,000 units are produced in 2022 and 175,000 units are produced in 2023. Depreciable Rate Per Unit is: 2022 Depreciation Expense assuming 120,000 units produced is: 2023 Depreciation Expense assuming 175,000 units produced is: 3) Compute the depreciation expense for 2022 and 2023 using the double-declining balance method of depreciation. 2022 Depreciation Expense is: 2023 Depreciation Expense is: 4) The BOOK VALUE at the end of the 8 year life of the machine is:,