Kurek Corporation purchased a machine that cost $400,000 on January 1, 20XX, and estimated the machine's revichaal value at $70,6X0. Requirement 1: Kurck Corp, utilizes the straight-line depreciation method and selects a useful life of 3 years, calculate the depreciation expense to be recorded within Kurek Corp's income statement on this machine for each year 1-3, as well as the accumulated depreciation to be reflected on the balance sheet at the end of each year 1 - 3. Straight line Depreciation Calculation Residual Annual Account Balances Under Cost Depreciable Estimated Life Cost Depreciation Value Straight-line Method Expense Depreciation Accumulated Expense Depreciation YR 1 End of YR YR 2 End of YR 2 YR 3 End of YR 3 Requirement 2: 17 Kurek Corp. utilizes the units-of-production depreciation method and selects a useful life of 33,000 machine hours, calculate the depreciation expense to be recorded within Kurek Corp's income statement on this machine for each year 1 - 3, as well as the accumulated depreciation to be reflected on the balance sheet at the end of each year 1 - 3, provided Karek Corp, uses the machine for 10,800 hours in year 1. 10,400 hours in year 2, and 11.900 hours in year 3 Units of Production Depreciation Calculation Residual Depreciation Cost Depreciable Value Expense per Cost Estimated Lite Hlour Depreciation Expense Calculation Account Balances Under Units-of-Production Method Hours Depreciation Depreciation Accumulated Used Expense Depreciation per Hour YRI YR2 YR 3 End of YRI End of YR 2 End of YR 3 Requirement 3: Ir Kurek Corp, utilizes the double-declining balance depreciation method and selects a useful life of 3 years, calculate the depreciation expense to be recorded within Kurck Corp income statement on this machine for each year 1 - ), as well as the accumulated depreciation to be reflected on the balance sheet at the end of each year 1-3. Double-Declining-Balance Depreciation Calculation Account Balances Under Double-Declining Balance Method Cost Accumulated 2 / Estimated Depreciation Accumulated Depreciation Net Book Value Lite Expense Depreciation YRI YR 2 YR 3 HINT: These cells require manual override of calculated value