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Fast reply please before 11:40 Banko Inc.manufactures sporting goods. The following information applies to a machine purchased on January 1, 2016: Purchase price Delivery cost

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Banko Inc.manufactures sporting goods. The following information applies to a machine purchased on January 1, 2016: Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $ 70,500 S 8,000 S 2,000 5 years 151,000 $ 5,000 During 2016, the machine produced 47,000 units and during 2017, it produced 49,000 units Required: a. Determine the amount of depreciation expense for 2016 and 2017 using straight-ine method. 2016 2017 Depreciation expense b. Determine the amount of depreciation expense for 2016 and 2017 using double-declining-balance method 2016 Depreciation expense c. Determine the amount of depreciation expense for 2016 and 2017 using units of production method d. Determine the amount of depreciation expense for 2016 and 2017 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount) MACRS table: Year 20.00 32.00 19.20 11.52 11.52 5.76 4.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Depreciation expense

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