DISCUSSION BOARD PROBLEM-CHAPTER 9-PROBLEM 2 Freedom, Inc. purchased a machine on January 1, 20x1 for $96,000. The machine had an estimated useful life of 5 years, an estimated residual value of $6,000, and an estimated productive life of 120.000 hours. REQUIRED: Compute the Depreciation Expense for the machine each year under each of the following depreciation methods for its entire useful life or entire productive life. SHOW ALL WORK 1. Straigh-Line Method. 2. Double-Declining Balance Method. 3. Units-of-Production Method. Actual Hours Used Each Year 20120220320420520,000Hours26,000Hours28,000Hours22,000Hours30,000Hours