Shaw Company purchased equipment for $58,781 on January 1, 2004, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 9-year life and an $2,143 salvage value at the end of its useful life. Rounding to the nearest one dollar, what is the book value of the equipment on January 1, 2005? 2 pts Question 2 A factory machine was purchased for $ 68,608 on May 1, 2004. It was estimated that it would have an $ 2,840 salvage value at the end of its 11-year useful life. Rounding to the nearest one dollar, what is the depreciation expense recorded in year one using straight- line depreciation? 2 pts Question 3 Klein Company uses the units-of-activity method in computing depreciation. A new machine is purchased for $ 88,697 that will produce an estimated 326,076 units over its 15-year useful life. Estimated salvage value at the end of its useful life is $1,019. If 11,910 units were produced this year, what is the depreciation depreciation expense rounding to the nearest one dollar? Do not do any intermediate rounding which means do not round the depreciable cost per unit but do round your final answer for depreciation expense to the nearest one dollar