On January 1, 2018 Friendly Farm Company purchased a new machine at a cost of $350,000. The machine has an estimated useful life of 4 years or 100,000 hours and residual value of $30,000. The machine will be used 30,000 hours in year 1,40,000 hours in year 2, 20,000 hours in year 3 and 10,000 hours in year 4. Requirements: Prepare a depreciation schedule using each of the three methods: Straight line, Units of Production and Double Declining Balance. You may use the template Minimize File Preview Page of 3 0 - ZOOM + Asset Cost Depreciation for the Year Depreci Useful Depreciation Accumulated Cost Life Expense Depreciation Book Value Date Asset Cost Depreciation for the Year Depreci Number of Depreciation Accumulated per Uni Units Expense Depreciation Book Value Date Asset Cost Depreciation for the Year Book DDB Depreciation Accumulated Value Rate Expense Depreciation Book Value