Social Nearing Social Hugging Corp ("SNSHC") purchases a machine with the following information: purchase price: 50,000 estimated salvage value: 10,000 estimated useful life: 5 years or 10,000 hours of use Assume SNSHC uses the units of activity method. At the end of Year 1, what is the credit balance in Accumulated Depreciation if the machine was used for 1,800 hours? New question: Assume SNSHC uses the double declining balance method for the entire time instead. For Year 2, what is depreciation expense? (Round to nearest dollar) New question: Assume SNSHC uses the straight line method for the entire time instead. At the end of Year 3, what is the machine's net book value? Assume on January 1 of Year 4, SNSHC sells the used machine for 29,000. SNSHC has been using straight-line the entire time The journal entry for the sale will include: gain on sale of 13,000 b gain on sale of 3,000 loss on sale of 3,000 loss on sale of 9,000