Fancy Frappuccino purchased a coffee drink machine on January 1, 2018, for $60,000. Expected useful life is 10 years or 50,000 drinks. In 2018, 12,000 drinks were sold, and in 2019, 19,000 drinks were sold. Residual value is $5,000. Requirement 1. Determine the depreciation expense for 2018 and 2019 using the following methods: (a) Straight-line (SL), (b) Units of production (UOP), and (c) Double-declining-balance (DDB). For each method (starting with (a) the straight-line method), select the appropriate formula needed to compute annual depreciation and then determine depreciation expense under that method for 2018 and 2019. (Round any depreciation expense per unit amounts to the nearest cent and all other amounts to the nearest whole dollar.) a. SL b. UOP C. DDB Annual Depreciation Formula 2018 2019 Requirement 2. Prepare a schedule that shows annual depreciation expense, accumulated depreciation, and book value for 2018 and 2019 using the three depreciation methods from Requirement 1. a. Begin with the straight-line method. Review your computations from Requirement 1. a. Straight-line Annual Depreciation Expense Year 1-1-2018 12-31-2018 12-31-2019 Accumulated Depreciation Book Value