This is not mulitple choice .

Rev. 12/20180 3. (16 Points) Hobby Manufacturing corporation purchased machinery on Jan. 1 of the current yr. for $110,000. The useful life was set at 5 years or 50,000 hours. The salvage value was determined to be $10,000. The machinery was used 8,000 hours in the current year. Compute the depreciation for the year using the following methods: a. Double Declining Balance. b. Sum of the Years Digit. c. Units of Production Method. d. Determine the book value of the machinery as of 12/31 assuming the Straight Line Method of Depreciation is used