Problem 11-1 (Part Level Submission) Sage Company purchased Machine #201 on May 1, 2017, The following information relating to Machine #201 was gathered at the end of May Price Credit terms Freight-in Preparation and installation costs Labor costs during regular production operations $95,200 2/10, n/30 896 4,256 11,760 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Sage intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,680. The invoice for Machine #201 was paid May 5, 2017. Sage uses the calendar year as the basis for the preparation of financial statements (a) Compute the depreciation expense for the years indicated using the following methods Depreciation Expense (1) Straight-line method for 2017 (2) Sum-of-the-years-digits method for 2018 (3) Double-declining-balance method for 2017 Click if you would like to Show Work for this