Problem 7-70A (Algorithmic) Depreciation Methods Hansen Supermarkets purchased a radiofrequency Identification (RFID) yst for one of its at a cost of $150,000 Hanten dermined that the system had an expected even years or 50,000,000 items scanned) and om expected residoal value of $6000, Required: 1. Determine the amount of depreciation expense for the first and second years of the system's ie using the . Straight-line method. Round your answer to the nearest whole dollar and use the rounded amount for sunt calculations Depreciation expenses per year b. Double-decling-balance method Round your answers to the nearest whole dollar and do not found intermediate calculation) Depreciation Expense Year 1 Year 2 2. If the number of items scanned the first and second years were 7,200,000 and 5,150,000, respectively, compute the amount of depreciation expense for the first and second years of the items life using the units of production depreciation method. Round your answers to the nearest whole dollar and do not round intermediate calculation Depreciation Expense Year Year 2 3. Compute the book values for all three depreciation methods as of the end of the first and second years of the system's life Year 1 Year 2 Straight-line method Double-declining balance method Units-of-production method