Equipment was purchased for the cost of $750,000 on January 1. The company's fiscal year end is July 31. The equipment is estimated to have a four-year life and a $150,000 residual value. Based on experience, the equipment can produce 480,000 units of a product before it must be replaced. The budgeted numbers of units per year are: Year 1 2 5 3 4 No. of Units 75,000 185,000 190,000 65,000 35,000 When answering the following questions, don't round your figures when doing calculations to avoid rounding errors. 1. Using the straight-line method, calculate the depreciation expense for year 1 (nearest dollar without comma, e.g. 15000): 2. Using the straight-line method, calculate accumulated depreciation at the end of year 2 (nearest dollar without comma, e.g. 15000): 3. Using the units-of-production method, calculate the accumulated depreciation at the end of year 2 (nearest dollar without comma, e.g. 15000): using the units-of-production method, calculate the accumulated depreciation at the end of year 2 (nearest dollar without comma, e.g. 15000): 4. Using the units-of-production method, calculate the depreciation expense for year 4 (nearest dollar without comma, e.g. 15000): 5. Using the double diminishing-balance method, calculate the annual rate (nearest percentage without % symbol, e.g. 25): 6. Using the double diminishing-balance method, calculate the depreciation expense for year 1 (nearest dollar without comma, e.g. 15000)