Phoebe Co. purchased a new manufacturing machine for $805,000. The machine was shipped at a cost of $11,000. They also paid $7,000 in custom fees. The machine was secured to the building foundation at a cost of $2,000. It is estimated that the machine will have a $25,000 salvage value at the end of its 4-year useful service life. The maximum estimated production is 50,000: 12,000 in year one, 18,000 in year two, 16,000 in year three, and 4,000 in year four, respectively. Instructions: Compute the depreciable cost, then using the straight line, units of activity, complete the schedule that shows the 1) annual depreciation expense, 2) annual accumulated depreciation, and 3) net book value on the machine for each of the years in its 4-year life