P2Calculate depreciation. A machine cost $800,000 on April 1, 2014. Its estimated salvage value is $80,000 and its expected life is eight years. Instructions (1) Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used. (a) Straight-line for 2014 (b) Double-declining balance for 2015 (c) Sum-of-the-years'-digits for 2015 (2) Which method would result in the smallest income amount for 2015