Question No: 3 Farma Manufacturing purchases a factory machine at a cost of $18,000 on January 1, 2020. Farma expects the machine to have a residual value of $2,000 at the end of its 4-year useful life. During its useful life, the machine is expected to be used 160,000 hours. Actual annual hourly use was 2020, 40,000; 2021, 60,000; 2022, 35,000; and 2023, 25,000. Required: i. Prepare depreciation schedules for the following methods: (a) straight-line, (b) units-of- activity, and (c) declining-balance using double the straight-line rate. ii. What would be the case if the co. changes the useful life from 4 years to 6 years under SLM and its affect of CF