Name: 1.On January 1, 2015 a company purchased a machine costing 5375,000 with a 4-year life and an estimated $5,000 salvage value. The company uses the straight-line method of depreciation Calculate the depreciation expense in the first year and second years? Please show your work. In addition, record the journal entry to record the first year depreciation. Depreciation Expense Year 1: Depreciation Expense Year 2: Entry Debit Credit Date 12/31/15 2. A garrany purchased a machine on 1/1/15 for $105,000. The machine has a useful life of 10 years and a residud Value of $5,000. It is estimated that the machine could produce 500,000 units over its useful life. In the first year, 60,000 units were produced. In the second year, production decreased to 40,000 units. Using the units-of-production method, calculate the amount of depreciation that should be recorded for the first and second years? In addition, record the joumal entry to record the depreciation in the first year. Depreciation Expense Year 1: Depreciation Expense Year 2: Debit Credit Entry Date 12/31/15 3. A company purchased a copier on Januaryl 2015 for $3,200. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the first and second years using the double-declining-balance method? (show work) In addition, record the journal entry to record the depreciation for year 1 (2015) Depreciation Expense Year 1: Depreciation Expense Year 2: Debit Credit Date Entry 12/31/15