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Torge Company bought a machine for $70,700 cash. The estimated useful life was five years, and the estimated residual value was $6,900. Assume that the

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Torge Company bought a machine for $70,700 cash. The estimated useful life was five years, and the estimated residual value was $6,900. Assume that the estimated useful life in productive units is 159,500. Units actually produced were 41,900 in year 1 and 47,850 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. Method of Depreciation Depreciation Expense for Yoar 1 Year 2 Book Value at the End of Year 1 Year 2 Straight-line Units-of-production Double-declining-balance 2-a. Which method would result in the lowest net income for Year 1? Straight-line Double-declining-balance Units-of-production 2-6. Which method would result in the lowest net income for Year 2? Units-of-production O Double-declining-balance O Straight-line 3. Which method would result in the lowest fixed asset turnover ratio for year 17 Double-declining-balance Units-of-production Straight-line

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