Ell-17 Depreciation Methods. Ace Manufacturing, Inc. purchased a new piece of manufacturing equipment at a total acquisition cost of $3,000,000 on January 4 of the current year The firm estimates that the equipment has a useful life of 10 years or 13,250,000 units of output and a residual value of $350000 at the end of its useful life. The following schedule indicates the actual number of units outpul with the machine per year 1 2 3 5 Year Units of Output Year Units of Output 1,600,000 1,300,000 1.600 000 7 1.200.000 1.500.000 8 1.200.000 4 1.500.000 9 1.100.000 1.300 000 10 1.100.000 Required Prepare the depreciation schedules for the manufacturing equipment assuming that Ace used the following methods (each case is independent): 1. Straightline method b Units of output method. 6. Double decining balance method. (Reduce the depreciation expense in the last year to the necessary amount to amve al an ending book value equal to the scrap value) d. Ace sells the manufacturing equipment at the end of Year 5 fors1,465,000. What is the gain or loss on sale under each of the depreciation methods in parts (1)-(e)