On January 1, 20x1, Ledrillo Company acquired a high-speed multiple-bit drill press costing $480,000. Estimated useful life of 10 years or 110,000 units and estimated salvage value of $40,000. (A)REQUIRED: The depreciation for 20x1 for each of the following: 1. Declining balance method: $ 2. Units of production (activity) method the press produced 12,000 units in 20xl and 18,000 in 20x2: $ 3. Straight-line depreciation method: $ (B)REQUIRED: Assuming that the drilling machine (in the above data) was purchased on July 1, 20x1, the depreciation for 20x2 for each of the following: 1. Declining-balance method: $ 2. Units of production (activity) method the press produced 12,000 units in 20x1 and 18,000 in 20x2: $ k 3. Straight-line depreciation method: $