Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $27,500. Its estimated residual value was $8,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 1,050 units in 2021 and 1,500 units in 2022. Required:

Calculate depreciation expense for 2021 and 2022 using the straight-line method.

Calculate the depreciation expense for 2021 and 2022 using the units-of-production method.

Calculate depreciation expense for 2021 through 2025 using the double-declining balance method.