QUESTION 1 A calendar year company acquired a machine on Jan. 1, which has an expected useful life of 5 years and a depreciable cost of $8,000 which reflects a salvage value that is 20% of cost. What is the depreciation expense in year 2 under straight-line depreciation? QUESTION 2 A calendar year company acquired a machine on Jan. 1, which has an expected useful life of 5 years and a depreciable cost of $8,000 which reflects a salvage value that is 20% of cost. What is the depreciation expense in year 2 if the 150-declining-balance method is used