The Rainbow Baking Corporation purchased machinery for $180,000 on January 4 , 2021. The company expects the equipment to last eight years or 500,000 pies, with an estimated residual value of $5,000 at the end of that time. During the second year, the equipment was used to make 82,500 pies. Compute the depreciation for the second year under straight line (do not use dollar signs, decimals, or commas in your answers) A What is the carrying value at the end of year 2? (do not use dollar signs, commas, or decimals in your answer) Question 6 (6 points) The Rainbow Baking Corporation purchased machinery for $180,000 on January 4, 2021. The company expects the equipment to last eight years or 500,000 pies, with an estimated residual value of $5,000 at the end of that time. Compute the depreciation for the first.year under the sum of the years digits methock. (do not use dollar signs, decimals, or commas in your answer... round to the nearest dollar) A What is the carrying value at the end of year 1 ? (do no use $, commas or decimals)