Exam -Bad Debts, Depreciation, Notes Receivable ANSWER THE FOLLOWING QUESTIONS AND BE SURE TO SHOW YOUR WOR I. A machine that cost $40,000 has a four-year usefull life, and an estimated value was purchased at the beginning of year one Reguired: Calculate using a) straight-line b) and ysat-snd book valus for cach of the four years Straight line 10 000- H0 00 000 10000 Year 1: 24,000 The machine is expected to produce 90,000 units as follows: Year 2: 40,000 Year 3 20,000 Year 4 6,000