TB Problem 9-255 (Static) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. its estimated residual value was $10,000 at the end of an estimated 5 -year life. The company expects to produce a total of 20,000 units. The company produced 2,500 units in 2021 and 3,200 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 and 2022 using the straight-line method. Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. Its estimated residual value was $10,000 at the end of an estimated 5 year life. The company expects to produce a total of 20,000 units. The company produced 2,500 units in 2021 and 3,200 units in 2022 . Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate the depreciation expense for 2021 and 2022 using the units-ot-production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) TB Problem 9-255 (Static) Duluth Ranch, Incorporated purchased a machine... Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $34,000. Its estimated residual value was $10,000 at the end of an estimated 5 -year life. The company expects to produce a total of 20,000 units. The company produced 2,500 units in 2021 and 3,200 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. (Round your final answers to nearest whole dollar.)