Part 2. On April 1, 2020, Greenfield Incorporated purchased machinery valued at $300,000. The estimated life of the machinery is 10 years. The machinery also has a salvage value of $60,000. Over the life of the machine, the estimated hours that the machine will be used is 30,000 hours. The corporation is comparing depreciation calculations using several acceptable depreciation methods. ..................,..............................................Year 2020 Year 2021. A. Straight-line (with half yr convention......$......................$. B. 200% declining Bal (with half yr.................$......................$ convention). C. 150% declining Bal (with half yr....................$.....................$ convention). D. Units of output method (Hours used.,..........$...................$. 2,600 hrs in Year 2020 and 6,000 in Year 2021). E. Straight-line (with depreciation calculated......$.............$. to the nearest whole month). Select 1 of the depreciation methods above, and state why Greenfield Incorporated should use this method for financial reporting. Discuss the advantage and disadvantages of the depreciation method, the impact of using this method of depreciation of the financial statement as compared to other methods, and any professional judgement that the company would utilize when selecting a depreciation method