NAME: Place answers below: 1.$ 2.$ 3.$ 4.$ 5.$ 6.$ 7.$ 8.$ 9.$ 10.$ 11.$ 12.$ Problem - Depreciation Methods A machine which cost $500,000 is acquired on January 1, 2017. Its estimated salvage value is $50,000 and its expected life is eight years. Instructions Calculate depreciation expense and complete the following schedules for 2017 and 2018 for each of the following methods. A Straight Line Depreciation B. Sum of the Years Digits Straight-Line Year Depreciation Expense Accumulated Depreciation 2017 2018 34 Book Value N3 HE I Sum of Years Digits Book Value Year Depreciation Expense Accumulated Depredation 2017 7 2018 12 Focus