On January 1, 2020, The Fio Corporation purchased a machine for $600,000. The corporation estimated a 5-year useful life (or 300,000 units of useful life) and $60,000 residual/salvage value. 45000 Units were produced in 2020. 6 points: Complete the following table using the indicated depreciation method and year for each row of the table. Depreciation Accumulated Method expense Book value depreciation Straight-line for 2020 Double-declining balance 2020 Double-declining balance 2021 Units-of-production 2020 4 points: What would the journal entry be if the straight-line method was used and the machine was sold on 12/31/2020 for $500,000