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Problem 8-30A (Static) Calculating depreciation expense using four different methods LO 8-2, 8-3, 8 86 Banko incorporated manufactures sporting goods. The following information applies to

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Problem 8-30A (Static) Calculating depreciation expense using four different methods LO 8-2, 8-3, 8 86 Banko incorporated manufactures sporting goods. The following information applies to a machine purchased on January 1 , Year 1. 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 fand Year 2 using MACRS, assuming that the machine is classified as seven-year property. (Round your answers to the nearest dollar amount.) MACRS table

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