Show your work for all problems Problem 1 (12 pts) At the beginning of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be five years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 15,000 units were produced nach ne- 2000 Calculate the depreciation using the: tife of wmach ne-5ys output 0000 units Straight-line method of depreciationcuetyear-1500o Anual depreciationGepciale vaineusefullite 180000 /5 Units-of-production method of depreciation Depiccia tion Deprecinble valex Cunent year Production /toinl produ I30000x 15000 un.4s/00 000units