QUESTION 1 On 1/1/17, XYZ Company purchases a new machine at a total cost of $12,000. The machine hesaus uses Straight line to record depreciation expense. What is the second year 2016 depreciation of $2.000. The company $2,400 $2,000 $4.000 QUESTION 2 On 1/1/17, XYZ Company purchases a new machine at a total cost of $12,000. The machine has a us e of years or 50,000 operating hours, and a salvage value of $2.000. The company uses Double Declining Balance to record depreciation expense. What is the second year (2016) depreciation expense? $4800 $2.000 QUESTION 3