ington Manufacturing Inc. purchased a new machine on January 2, 2014, that was built to perform one function on its assembly line. Data pertaining to this machine are: Acquisition cost Residual value Estimated service life: Years Service hours Production output $330,000 FEstimated service ifer 530000 250,000 300,000 Using cach of the following mechods, compute the anmual depreciation rate and charge for the yars Using each of the fo ended December 31,2014, and 2015: (1) (2) (3) Straight-line Service hours (assume 32,000 hours for 2014 and 36,000 hours for 2015). Productive-output (assume 31,000 units for 2014 and 37,000 units for 2015). ANS