Question No 2: On January 1, 2012, Zakiuddin Company purchased the following machines for use in its production process. The recorded cost of this machine was $100,000. Zakiuddin estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period. Requirements: Prepare the depreciation schedule for machine from 2012 to 2015 of under the following assumption: [8] Zakiuddin uses the straight line method. Zakiuddin uses the units-of-activity method and estimates the useful life of the machine is 25,000 units. Actual usage is as follows: 2012, 5,500 units; 2013, 7,000 units; 2014, 8,000 units; 2015, 4,500 units. * Give the journal entry if the machine is sold for $5,000 on January 1, 2015 assuming the straight-line method is used