Question 12 Not yet answered Marked out of 16.0 Flag question Citrus Products of Belize Ltd. purchased a factory machine on January 8, 2014 at a cost of $375,000. It is estimated to have a useful life of 10 years or work for a total of (250,000 hours) and has an estimated residual value of $20,000. The machine worked for 78,000 hours the first year, 65,000 hours the second year, 50,000 hours the third year, etc. Using this information, answer ALL the following questions. Show your calculations and state clearly what is your answer. Use 2 decimal places for the units of activity depreciation rate. a. Using the straight line method, determine the machine's accumulated depreciation at December 31, 2016 (the third year). (3 pts) b. If the machine is depreciated using the units of activity method, calculate the depreciation expense at Dec 31, 2016 (the third year). (3 pts) c. If the machine is depreciated using the double declining balance method, calculate the book value at Dec 31, 2015 (the end of the second year). (3 pts) d. If the machine was purchased on April 23, 2014 and the double declining balance method is used, calculate the accumulated depreciation at Dec 31, 2015 (the end of the second year). (3 pts) e. If the machine was purchased on Oct 8, 2014, JOURNALIZE the straight line depreciation expense at December 31, 2014. Reminder: You are to journalize! (4 pts)