Cost of Asset and Depreciation Method an expected residual value of $5,000. The following costs relate to the acquisition and use of the machine during the first year of its operations: Required: 1. Compute the depreciation expense for 2019 and 2020 , If required, round to the nearest dollar. \begin{tabular}{ll} 2019 & x \\ 2020 & x \\ \hline \end{tabular} The book value of property, plant, and equipment would be higher under stralght-line. Depreciation Methods Albany Corporation purchased equipenent at the beginning of Year 1 for $75,000. The asset does not have a residual value and is estirated to be in service for 8 years, Calculate the deprecation expense for Years 1 and 2 using the double-declining-balance method. Round to the nearest whole doliar. Utica Machinery Company purchases an asset for $1,200,000. After the machine has been used for 25,000 hours, the company expects to sell the asset for $150,000. What is the depreciation rate per hour based on activity? X per hour