On January 2, 2024 Gillette Co. purchases and installs a new machine costing $250,000 with a five-year life and an estimated $40,000 salvage value. Management estimates the machine will produce 140,000 units of product during its life. Actual production of units is as follows: year 2024 24,000 units; year 2025 - 36,000 units; year 2026 - 46,000 units; year 2027 - 18,000 units; and year 2028 - 16,000 units. Compute depreciation expense, accumulate depreciation, and book value for the first three years using the following depreciation methods: (1) the straight-line method, (2) the units-of-production method, and (3) the declining-balance method also known as the double- declining-balance method. (1) Straight-line method Year Depreciation Expense Accumulated Depreciation Book Value 2024 Dec 31 2025 Dec 31 2026 Dec 31 (2) Unit-of-production method (Activity method) Year Depreciation Expense Accumulated Depreciation Book Value 2024 Dec 31 2025 Dec 31 2026 Dec 31 (3) Declining-balance method at twice the straight line rate Year Depreciation Expense Accumulated Depreciation Book Value 2024 Dec 31 2025 Dec 31 2026 Dec 31