On January 1, 2020. Jeeps purchased a machine for $1,500,000. The company expects the machine to last for 5 years or 50,000 hours of operation with an estimated residual value of $500,000. During 2020 the machine was operated for 10,000 hours. Using the following depreciation methods a Straight-line b, Double-declining balance c Units-of-production Required: 1. Calculate the depreciation expense for 2020 2. Prepare journal entry for 2020 For the folhar press ALT+F10 (PC) or ALT+FN+F10 (Mac)