Problem 8-30A (Algo) Calculating depreciation expense using four different methods LO 8-2, 8-3, 8-4, 8-6 Banko Inc. manufactures sporting goods. The following information applles to a machine purchased on January 1, Year 1: 1143 Purchase price Delivery cost Installation charge Estimated Rifa Estimated units Salvage estimate $ 83,600 $ 3, eee $1,000 5 years 141,000 $3,000 During Year 1. the machine produced 37,000 units, and during Year 2 it produced 39,000 units Required a. Determine the amount of depreciation expense for Year 1 and Year 2 using straight line method b. Determine the amount of depreciation expense for Year 1 and Year 2 using double-declining balance method c. Determine the amount of depreciation expense for Year 1 and Year 2 using units of production method. d. Determine the amount of depreciation expense for Year 1 and Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table 5-Year 7-Year Year property property. 1 20.00 14.29 2 32.00 24.49 3 19.20 17.49 4 11.52 12.49 5 1.95 5.76 8.92 7 3.93 Yeart Year 2