Irvington 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 $330,000 Residual value $30,000 Estimated service life: Years Service hours 250,000 Production output 300,000 Using each of the following methods, compute the annual depreciation rate and charge for th years ended December 31, 2014, and 2015: (1) (2) eft 1:27:23 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). 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)