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Pedro Company has $160,000 of machinery being depreciated over 5 years. There is no estimable residual value atter that, Aftor taking 2 years depreciation, Pedro

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Pedro Company has $160,000 of machinery being depreciated over 5 years. There is no estimable residual value atter that, Aftor taking 2 years depreciation, Pedro realizes the equipment is cleorly going to last another 4 years and the estimated residual value remains unchanged. Required 1: What depreciation expense will Pedro record in year 2 when using the straight line method? $ Required 2: What depreciation expense wili Pedro record in year 3 when using the straight line method $ Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $/ Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? 5 Required 5: What depreciation expense will Pedro record in year 2 when using the double declining balance method? $ Required 6: What depreciation expense will Pedro record in year 3 when using the double declining balance method? $ /

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