solution please. I don't know how to do it.

Help AIMEE LEL D-A-LEE-19- ABbccbabccb AaBbc AaBb AB 1 Normal 1 No Spac... Heading Heading 2 Heading Paragraph Styles 1. Ivanhoe Company purchases equipment on May 1, Year 1, at a cost of $265,000. The asset is expected to have a service life of 6 years and a salvage value of $20,000. Its total working hours are estimat. to be 49,000, and its total production is estimated to be 500,000 units. During Year 1 the machine was operated 5,000 hours and produced 50,000 units. During Year! 2 the machine was operated 7,000 hours and produced 70,000 units Required: Compute depreciation expense on the equipment for the year 1 and year for the following methods. The company's year end is December 31. A) Straight-line B) Units of Production C) Working Hours D) Sum-of-the-years-digits E) Double-declining balance ON LO 8