Dersch Co. purchased a machine on January 1, 2014, for $1,500,000. The machine's useful life is expected to be 5 years or 50,000 hours with a residual value of $150,000. During the machine's life it was used 15,000: 14,000; 10,000; 9,000; and 6,000 hours. Assuming Dersch Co. has a December 31 year end, calculate the annual depreciation expense for year one of the machine's life (using the following depreciation methods (show all calculations): a. Straight-line b. Units of Production c. Double-declining balance