The following information is to be used for Questions 3 through 6 . Your company purchases a new piece of equipment for $1,600,000. You estimate the equipment will last for 10 years and have a salvage value (residual value) of $100,000. You also estimate that the machine will be able to produce 500,000 units over its useful life. When asked to calculate depreciation expense for when using the activity method, assume actual production is as follows year 1 (64,000 units), year 2 (60,000 units), year 3 ( 68,000 units), year 4(66,000 units)and for year 5 (69,000 units). 3) What is depreciation expense for Year 1 when using the straight-line method? 4) Using the straight-line method, what is the total in Accumulated Depreciation at the end of year 3? Question 5 1 pts 5) When using the activity method, what is depreciation expense in year 1 ? 6) When using the activity_method, what is the total in Accumulated Depreciation at the end of year 3