Question 2: [Marks: 15 Time: 30 Minutes) Unicon Company has purchased a new machine on 1 October 2019 at a cost of $40,000. The company estimated that the machine will have a residual value of $2,000. The machine is expected to be used for 100,000 working hours during its 10 year life. Compute the depreciation expense under the following methods for the year indicated: a. Prepare the depreciation schedule under Straight-line method for 2019 and 2020 years; b. Compute the depreciation amount under Units-of-activity for 2019, assuming machine usage was 1500 hours; c. Compute the depreciation table for year 2019 and 2020 under the declining-balance method; d. Prepare the journal entry to record 2019 depreciation under the straight-line method. -END