urgent

1. Assume you work for a company as an accountant and you have been asked to calculate the depreciation expense for each year of a new machine that your company purchased on January 1, 2021, at a cost of $ 150,000. You have estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 20,000 working hours during its 5-year life which will end at December 31, 2025 Urgent a) Prepare the depreciation schedule for each year of the useful life under declining balance method. 171 b) Compute the depreciation expense for 2021 2022 and 2023 under units-of- activity method, assuming machine usage was 1500 hours in 2021 and 2000 hours and 2800 hours in 2022 and 2023 respectively