Required information [The following information applies to the questions displayed below.] Lasting Company purchases a computerized manufacturing machine for $60,000 to use in operating activities for the next five years. It estimates the equipment's salvage value at $5,000. The machine is estimated to produce 220,000 units over its useful life. In year 1 it produced 36,000 units, in year 2: 44,000 units, in year 3: 52,000 units, in year 4: 60,000 units and in year 5: 32,000 units. Prepare a table showing depreciation expense, accumulated depreciation and book value for each year assuming double-declining-balance depreciation. (Enter all amounts as positive values.) Answer is complete but not entirely correct. Year Depreciation Expense Accumulated Depreciation Book Value 60,000 Year 1 $ 11,000 $ 11,000 $ 49,000 Year 2 $ 11,000 $ 22,000 $ 38,000 Year 3 11,000 $ 33,000 $ 27,000 Year 4 $ 11,000 $ 44,000 $ 16,000 Year 5 $ 11,000 $ 55,000 5,000 Total 55,000