On lanuary 2. Avarez Company purchased an electroplating machine to help manufacture a part fot one of its key products. The machine cost 5240,000 and was estimated to have a useful life of six years or 700,000 cuttings, after which it could be sold for 524,400 . Rentured a. Calcutate each year's depreciation expense for the period under each of the following depreciation methoth (round all answers to the nearest dollat): 1. Straighteline. 2 Dontble-teclining balance: 3. Units-ofingroduction. (Assume annual production in platings of 140,000,180,000,100,000,110,000,80,000; and 90,000 ) 1. Straightine Depreciation Year Expense Year 150 Year 2:0 Year 30 Year 40 Year 50 Year 60 2. Double-declining balance Depreciation Year Expense Year 15 Year 2 Year 3 year 4 Year 5 Year 6 3. Units of Production Depreciation Year Expense Year 15 Year 2 Year 3 Year 4 Yesar 5 Yext 6 b. Assume that the machine was purchased on september 1. Calculate each year's depreciation expense for the period under each of the following depreciation methods: 1. Straight-ine 2. Double declining balance: 1. Stroightetine Depreciation Year Expense Year is Year 2 Year 3 Year 4 Year 5 Year 6 vear 7 2. Double.declining balance Depreciation Year Expense Year 15 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7