Required information E8-14 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the impact on Cash Flows LO8-3, 8-7 (The following information applies to the questions displayed below) Schrade Company bought a machine for $108,000 cash. The estimated useful life was four years and the estimated residual value was $8,000. Assume that the estimated useful life in productive units is 125.000. Units actually produced were 48,000 in year 1 and 50,000 in year 2 E8-14 Part 1 Required: 1. Determine the appropriate amounts to complete the following schedule. (Round your answers to the nearest dollar amount. Du not round intermediate calculations.) Net Book Value at the End of Depreciation Expense for Year 1 Year 2 Method of Depreciation Straight line Units of production Double-declining balance