The salvage value after six year six is 4,000

9) On January 1, 2020, Zade Manufacturing Company purchased a machine for $40,000. The company expects to use the machine for 24,000 hours over the next 6 years. The estimated salvage value of the machine at the end of the sixth year is $40,000. The company used the machine for 3,600 hours in 2020 and 5,000 hours in 2021. Calculate the depreciation expense and accumulated depreciation for the years 2020 and 2021 using straight-line, units-of- production, and double declining balance methods of depreciation? Straightline 2020 2021 Depreciation Expense Accumulated depreciation Units of Production 2020 2021 Depreciation Expense Accumulated depreciation Double declining balance 2020 2021 Depreciation Expense Accumulated depreciation