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please solve asap 1. On June 1, Gannon Company purchases and installs a new machine costing $275,000 with a five year life and an estimated
please solve asap 1. On June 1, Gannon Company purchases and installs a new machine costing $275,000 with a five year life and an estimated $25,000 salvage value. Management estimates the machine will last 800,000 hours for its life. Actual hours used in the first three years was 125,500 hours in the first year, 236,000 hours in the second year, and 75,000 hours in the third year. 1,236,500 Compute the depreciation expense (show all work) for each of the first two years under the following methods
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