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Example 2 / Exercise 2 (Depreciation for Partial Period-SL, SYD, and DDB) Chan Company purchased Machine \#200 on April 1, 2022. The following information relating to Machine \#200 was gathered at the end of April, 2022. It was expected that the machine could be used for 12 years, after which the residual value would be zero. Chan intends to use the machine for only 6 years, however, after which it expects to be able to sell it for $30,000. The invoice for Machine \#200 was paid April 1, 2022. Chan uses the calendar year as the basis for the preparation of financial statements. Instructions (a) Compute the depreciation expense for the years indicated using the following methods. (Round to the nearest dollar.) (1) Straight-line method for 2022. (2) Sum-of-the-years'-digits method for 2023. (3) Double-declining-balance method for 2023