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4. Alset Company purchased a new picce of manufacturing machinery on January 2, 2021. The machine had a total cost of $392,000 and an estimated salvage value of $125,000. Its useful life is estimated to be 8 years; over its life, it should produce 3,000,000 units of product. During 2022, the machine produced 309,000 units. Required: Show calculations on tab "P 4n for the amount of depreciation expense Alset will recognize in 2022 under straight-line, units-of-production, and doublo-declining depreciation methods. Depreciation was recorded normally for 2021. You are calculating depreciation for the second year in the machine's life