Name(s) Class Time In-Class Case #7 Chapter 7 Yummy Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $9,000. The estimated useful life was four years, and the residual (salvage) value was $1,000. Assume that the estimated Actual machine usage: 5,500 hours in year 1; 3,800 hours in year 2; 3,200 hours in year 3; 3,500 hours in year 4. Required Compute depreciation expense and accumulated depreciation for the ice cream maker asset for years 1 and 2 using: a) Straight-line; b) Double-declining balance; and c) Units-of-production