. UNB Homework Adb. USE THE FOLLOWING INFORMATION TO Determine Depreciation using the 3 Methods below: Machinery purchased for $320,000 is expected to have a useful life of 5 years, or 100,000 operating hours, and a residual value of $20,000. The equipment was placed in service on July 1 of the current fiscal year, which ends on December 31. The equipment was operated 15,000 hours the first fiscal year. and 33,000 hours the second fiscal year. Compute the depreciation expense by the methods requested in each of the following three questions. depr exp mosly! Rate 8 sal val SL Depr.: Cost Deprec. Val year 1 year 2 year 3 year 4 year 5 year 6 sal val Rate deprcbl val Units of Prod. Depr: Cost 90 year 1 year 2 year 3 year 4 years years Ihrs used depr exp 15,000 33,000 20.000 20,000 20.000 Part of Yr depr exp DDB rate NBV Cost accum depr 10 D DDB Depr. year 1 year 2 year 3 year 4 year 5 year 6