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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $45,500. Its estimated residual value was $14.500 at the

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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $45,500. Its estimated residual value was $14.500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 1,650 units in 2018 and 2,100 units in 2019. Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method

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