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During Year 1, the machine produced 53,000 units, and during Year 2 it produced 55,000 units. Required a. Determine the amount of depreciation expense for

During Year 1, the machine produced 53,000 units, and during Year 2 it produced 55,000 units. Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight-line method. b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining-balance method. c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table:

Year 5-Year property,% 7-Year property,%
1 20.00 14.29
2 32.00 24.49
3 19.20 17.49
4 11.52 12.49
5 11.52 8.93
6 5.76 8.92
7 8.93
8 4.46

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