Question 1 80 pts Ellis Isle Ltd uses a calendar year and purchased a Machine for $95,000. The company also paid $4,000 for shipping and $1,000 for insurance while in transit. The machine is estimated to have a $30,000 salvage value and 5 year useful life. $22,800 Mi Elis Isle purchased this machine on July 1. Year 1 and the straight line method of accounting for depreciation, what is the amount of book value they will show on December 31. Year 2? Choose Ellis Isle purchased this machine on January 1 Year 1 and the double declining method of accounting for depreciation, what is the amount of depreciation expense they will show on December 31 Year 2 $42.000 Ellis Isle purchased this machine on January 1. M 1 and the double declining method of counting for depreciation and they sell the machine for $35.000 at the end of Year 2. What is the pain or to be recorded at the 530,000 We purchased this machine on January Land the unit of activity for uction method of direction and the chino I see that the machine 50.000 MH. the nie w 24000 MH and OM MacBook Air 90 888 40 @ 2 3 $ 4 % 5 & 7 - 6 8 9 - W E R T Y U I O P S D F G H J