Isuislle Depreciation Methods example Slugger" Louisville Slugger is perhaps best known for manufacturing wooden bats for Major League Baseball. See http://www.slugger.com On October 1, 2012, assume the company purchased and installed a new automatic lathe (a machine that cuts wood blocks into the shape ofa baseball bat) at a total cost of $75,000. The company estimated that the machine has a salvage value of $5,000. The machine is expected to be used for 140,000 working hours during its 7-year life. Required: Calculating depreciation for 2012-2013 only, using each of the following depreciation methods. Straight-line Double declining balance Units of activity assuming the machine was used for 6,000 hours during the remainder of 2012, 24,000 hours in 2013, 22,000 hours in 2014 20,000 hours in both 2015 and 2016, 18,000 hours in both 2017 and 2018 and 12,000 in 2019