Matador Co$.$ purchased a machine on January $1,2020,$ for $$1,409,000.$ Using the table below, calculate the annual depreciation expense for each year of the machine's life $($estimated at $5$ years or $40,000$ hours with a residual value of $$150,000).$ During the machine's life it was used $4,000$; $8,000$; $16,000$; $10,000$; and $2,000$ hours. Use twice the straight$-$line rate for the declining$-$balance method. Round to $3$ decimal places for units of production.

Year Straight Line Units of Production Declining Balance

$2020$

$2021$

$2022$

$2023$

$2024$

Totals

Straight Line Calculation:

Units of Production Calculations:

$2020$

$2021$

$2022$

$2023$

$2024$

Declining Balance Calculations:

$2020$

$2021$

$2022$

$2023$

$2024$