Deprecation Methods Gruman Company purchased a machine for $198,000 on January 2, 2019. It made the following estimates: Service life 5 years or 10,000 hours Production 180,000 units Residual value $18,000 In 2019, Gruman uues the machine for 1,700 hours and produces 40,000 units. In 2020, Gruman uses the machine for 1,200 hours and produces 30,000 units. Ir required, round your final answers to the nearest dollar. Required: 1. Compute the depreciation for 2019 and 2020 under each of the following methods: a. Straight-line method 2019 $ 36,000 2020 5 36,000 b. Sum-of-the-years-digits method 2019 60,000 2020 48,000 c. Double-declining balance method 2019 70,200 2020 $ 47,520 d. Activity method based on hours worked 2019 $ 36,000 x 2020 $ 25,200 x Activity method based on units of output 20195 45,000 X eBook Br Show Me How 20979200 2020 $ 47,520 d. Activity method based on hours worked 2019 $ 36,000 2020 $ 25,200 X c. Activity method based on units of output 2019 45,000 X 2020 $ 34,000 X 2. For each method, what is the book value of the machine at the end of 20197 At the end of 2020? - Straight-line method 2019 162,000 2020 $ 126,000 b. Sum-of-the-yearsdigits method 2019 $ 138,000 20205 90,000 c. Double-declining balance method 2019 $ 118,800 2020 $ 70,480 x d. Activity method based on hours worked 2019 $ 162,000 X 2020 $ 136,800 X e. Activity method based on units of output 2019 $ 153,000 X 2020 $ 119,000