Question 3 (7 marks) On 1 July 2020, PMP Pty Ltd purchased a new printing machine for $200,000. The company expected the machine to be used for ten (10) years or 10,000 machine hours, with an estimated I residual value of $20,000 at the end of its useful life. Actual usage of the machine for the first three (3) years was noted as follows: Year 1: 500 hours Year 2: 800 hours Year 3: 3000 hours Required: a) Calculate the depreciation expense for the second year using each of the methods below: (3 marks) Straight-line 1. 11. Units of production III. Reducing balance method at the rate of 20% each year Focus