Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $120,000, and its estimated useful life was four years or 920,000 cuttings, after which it could be sold for $5,000. Required a. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods (round all answers to the nearest dollar): 1. Straight-line. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.) 1. Straight-Line Depreciation Year Expense 2018 $ 2019 2020 2021 2. Double-declining balance Depreciation Year Expense 2018$ 2019 2020 2021 2022 3. Units of Production Depreciation Year Expense 2018 5 2019 2020 2021 Depreciation Year Expense 2018 $ 2019 2020 2021 b. Assume that the machine was purchased on July 1, 2018. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. 1. Straight-Line Depreciation Year Expense 2018 $ 2019 2020 s ahle.declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Year Expense 2018 $ 2019 2020 2021 2022 U go FI hi OS Check