Problem 8-30A Calculating depreciation expense using four different methods LO 8-2, 8-3, 8-4, 8-6 Banko Inc, manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1 Purchase price Delivery cost Installation charge Estimated life Estimated units Salvage estimate $70,000 $ 3,00 $ 1.ee 5 years 140, eee $ 4,000 During Year 1, the machine produced 36,000 units, and during Year 2 it produced 38,000 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 Year 1 2 5-Year property, 20.00 32.00 19.20 12.52 11.52 5.76 7-Year property, 14.29 24.49 17.49 12.49 8.93 8.92 8.92 4.45 7 MACRS table: Year 1 2 3 3-Year property 2e.ee 32.ee 19.20 11.52 11.52 5.76 1-Year property, 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 8 Year 1 Mar 2 Depreciation expense b. Depreciation expense 0 Depreciation expense d. Depreciation expense