Problem 7-70A Depredation Methods Hansen Supermarkets purchased a radio frequency identification (RFID) system for one of its stores at a cost of $190,000. Hansen determined that the ted Ife of 8 years (or 50,000,000 items scanned) and an expected residual value of $12,000. Required: 1. Determine the amount of depreciation expense for the first and second years of the system's life using the a. Straight-line method. Deprecation expense:(per year b. Double-declining-balance method. Depreciation Expense Year 1 Year 2 2. If the number of items scanned the first and second years were 6,100,000 and 5,600,000, respectively, compute the amount of depreciation expense for the first and second years of the system's life using the units-of-production depreciation method. Do not round intermediate calculations. Depreciation Expense Year 1 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 ife. Check My Work 3 more Check My Work uses remaining