for a new machine costing $30,000 with a trade-in allowance of $7,000. 2 R Yamara Company purchased a $60,000 machine at the beginning of the year. The machine is expected to have a useful life of 5 years or 20,000 operating hours and a residual value of $10,000. Compute the amount of depreciation for the first and sedond years under each of the methods below. Year 1 Year 2 Method Straight-line year 1, 5,000 hours; year 2, 6,000 hours a. b. SSUnits-of production production in s c. SSDouble-declining-balance Harrison Services purchased a plant asset to be used in its business. The expenditures included: Cost of machine Special base to support machine Freight charges Repair cost of damage incurred during installation $4,000 300 300 600 The Machine account will be debited for