On January 2, 2013, Cohen Incorporated purchased machinery that cost $150,000 with a residual value of $15,000. The expected useful life of the machinery is 8 years and 20,000 units. It is expected to produce 2,000 units in year 1; 2,500 units in year 2; 3,000 units in year 3; 2,500 units in year 4; 2,500 units in year 5; 4,000 units in year 6; 2,500 units in year 7; and 1,000 units in year 8. can you show me how to do the schedule for the Straight Line, Production (Units of Production), and Double Declining Balance methods. and if the company sells the machine in the second year for $85,000 how do I do a journal entry using the

Straight Line, Production (Units of Production), and Double Declining Balance methods