Depreciation Methods Hansen Supermarkets purchased a radio frequency identification (RFID) system for one of its stores at a cost of $150,000. Hansen determined that the syster had an expected life of seven years (or 50,000,000 items scanned) and an expected residual value of $6,800, Required: 1. Determine the amount of depreciation expense for the first and second years of the system's tire using the Straight-line method, Round your answer to the nearest whole dollar, and use the rounded amount for subsequent calculations Depreciation expense: per year b. Double-declining balance method (Round your answers to the nearest whole dollar and do not found intermediate calculation) Depreciation Expense Year! Year 2 2. the number of items scanned the first and second years were 7,200,000 and 8,150,000, respectively, compute the amount of depreciation expense for the first and second years of the system's life using the units-of-production depreciation method. Round your answers to the nearest whole dollar and do not round Intermediate calculations Depreciation Expense Year 1 Year 2 3. Compute the book values for three depreciation methods as of the end of the rint and second years of the systemy's life Year 1 Year 2 Straight-line method Year 42,857 30,612 2. If the number of items scanned the first and second yes were 7,200,000 and 1,150,000, respectively. compute the amount of depreciation are for the first and Second years of the systemy life using the units of production depreciacion method. Round your answer to the nearest whole olur and do not round me Depreciation Expense 20,659 Year 2 33.73Merald 3. Com the book values for three decations of the end of the rest and second years of the system's the Years Year 2 Straight the method 129,514 X 209,029 Opuble decong.be 107,149 76,531 ution method 12,350 105,976 2 havious Etter Sand Sument for Grading WO . 21 13 NE . 5 4 A 6 + 5 7 8 9 3 O 14 dele E i R T Y U I O P C ) 1 D F G I J J K L ; C V > B N M . V. A. ? 2 6 command option