Problem 7-70A (Algorithmic) Depreciation Methode Hansen Supermarkets purchased and frequency identification (RFID) system for one of its stores at a cost of $150,000. Hansen determined that the system had an expected life of seven years (or 50,000,000 tums scared and an expected residual value of $7,000 Required: 1. Ostermine the amount of depreciation expense for the first and second years of the system's Ife using the Stright-line method. Round your answer to the nearest whole dollar and use the rounded amount for wtsequent calculations Depreciation expenses per year 5. Doble declining-beanca method: (Round your answers to the nearest whole date and do not round intermediate calculations.) Depreciation Expense Year1 Year 2 2. If the number of items scanned the tited second years were 7,200,000 and 8.150.000, respectively. compute the amount of depreciation expense for the first and second years of the systeme using the unit of production depreciation method. Round your answers to the nearest whole dollar and do not round Intermediate calculation Depreciation Expense Yes 3. Compute the book values for all three depreciation methods as of the end of the first and second years of the system's te Year 1 Year 2 Straightine method Double-decking-blance method Units of production method