. On January 1, 2020, NulelloBar Inc acquired equipment costing $475,000, which will be depreciated on the assumption that the equipment will be useful for four years and have a residual value of $35,000. The machine produces candy bars, which Nutello Inc can then sell to retailers. The estimated number of candy bars that will be produced is as follows: 2020: 8,000 2021: 10,000 2022: 10,500 2023: 8,500 Calculate what the depreciation expense would be for each year of the asset's life, if the company chooses: 1. Units of production (4 marks) 2. Straight line depreciation (2 marks) 3. Double declining method (4 marks) Note - include any calculations in your response