Problem (25 Points) Plainville Company purchased a new production machine at the beginning of 2013 for $63,000. Delivery cost was $2,000, and Installation charges were $3,000. Additional liability insurance required for the equipment operators totaled $5,000 per year. The machine is expected to have a four-year useful life and a $3,000 salvage value. The expected production output is estimated at 130,000 units. Actual unit production for the four years was as follows: 2013 - 50,000; 201421 35,000; 2015 - 25,000; 2016 - 25,000. Required: 1. Compute the depreciation expense for each of the four years using straight-line depreciation. Year Depreciation Expense Accum. Depreciation Book Value 2. Compute the depreciation expense for each of the four years, using double-declining- balance depreciation. Year Depreciation Expense Accum. Depreciation Book Value 3. Compute the depreciation expense for each of the four years, using units-of-production depreciation. Year Depreciation Expense Accum. Depreciation Book Value 17