solve for straight line method, units of production method, and double declining balance method

Required information The following information applies to the questions displayed below.] On January 1, Year 1, Scott Company purchased a new machine for $240,000. The machine is expected to have an eightyear life and a $30,000 salvage value. The machine is expected to produce 820,000 finistied products during its eightyear life. Production during Year 1 was 72,000 units and during Year 2 was 112,000 units. Required: Determine the amount of depreciation expense to be recorded on the machine for Year 1 and Year 2 , fespectively, using Straightne method