Question Number Three On January 1, 20x1, Corp. A purchases a machine for $70,000. Assume that the machine is expected to have a five year life and a salvage value of $10,000. Assume also that the machine usage over the estimated five year life is expected to be 8,000 hours. For each of the listed methods, compute the depreciation deduction that Corp. A will claim for year 20x2 Assume that the machine is actually used for 1,400 hours in 20x2. Do not insert your answers here. Place them in the appropriate space on the separate answer sheet. A. B. Straight-line depreciation Sum of the years' digits depreciation Double declining balance depreciation Units of production depreciation C. D. Question Number Four Data relative to Corp. B is set out below for calendar year 20x5. $ 20,000.00 Beginning inventory (2,000 units @ $10.00 each) Purchases: March 16, 20x5 (3,000 units @ $11.00 each) July 2, 20x5 (5,000 units at $12.00 each) October 12, 20x5 ( 1,000 units @ $13.00 each) December 7, 20x5 ( 1,500 units @ $14.00 each) (Total purchases = 10,500 units @ $127,000) Ending inventory, per physical count = 2,600 units 33,000.00 60,000.00 13,000.00 21,000.00 Compute the ending inventory dollar amount using each of the listed valuation methods. Do not insert your answers here. Place them in the appropriate space on the separate answer sheet. A. B. C. FIFO LIFO Weighted average