Q2 Alladin Company purchased Machine #201 on May 1, 2021. The following information relating to Machine #201 was gathered at the end of May. 2 3 000 N 4 5 6 7 Price Freight-in costs Prep and installation costs Labor costs during regular production operations $1,586,000 $76,000 $23,600 $5,054,100 Alladin intends to use the machine only 12 years, however, 10 after which it expects to be able to sell it for $29,600 The invoice for Machine #201 was paid 11 May 1, 2021. Alladin uses the calendar year as the basis for the preparation of financial statements. 12 13 Instructions: 14 (1) Compute the depreciation expense for the years indicated using the straight-line method for 2021. (Round to the nearest dollar.) 15 16 17 18 O 000 NN 19 20 21 22 23 (2) Compute the depreciation expense for the years indicated using the sum-of-years-digits method 24 for 2022. (Round to the nearest dollar.) 25 26 27 28 29 30 31 32 33 34 (3) Compute the depreciation expense for the years indicated using the double-declining balance 35 method for 2021 and 2022 (Round to the nearest dollar.) 36 37 DN 20