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TB Problem 9-255 (Algo) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, incorporated purchased a machine on January 1, 2021. The cost of the machine

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TB Problem 9-255 (Algo) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, incorporated purchased a machine on January 1, 2021. The cost of the machine was $18,500. Its estimated residual value was $5,500 at the end of an estimated 5 -year life. The company expects to produce a total of 10,000 units. The company produced 750 units in 2021 and 1,200 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-tine method. b. Calculate the depreclaton expense for 2021 and 2022 using the units-of-production method c. Calculate depreclation expense for 2021 through 2025 using the double-decining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciatan expense for 2021 and 2022 using the straight-dine method

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