course name is Financial Accounting, explain in detail your answer, no pictures or handwriting

Q1. DBC Corporation purchased a new machine on January 1st, 2010. The cost of this machine was $200,000. The company estimated that the machine would have a salvage value of $20,000 at the end of its service life. Its life is estimated at 5 years and its working hours are estimated at 40,000 hours. (2 Marks)

Calculate deprecation expenses, accumulated depreciation and book value of the machine for each of the year using:

1. Straight Line Method
2. Declining balance method (Based on twice the straight line rate)
3. Activity Method if DBC uses the machine hours as follows:

You can use following table to present your answer:

Year	Depreciation Expense	Accumulated Depreciation	Book Value

+ Year 2010 2011 2012 Hours used 7,000 8,500 8,000 9,000 7,500 2013 2014