Use the following information for questions 23-25: JCR Co. purchased a piece of machinery of June 1, 2020, for $1,500,000 and paid $500,000 to have it installed. The machine is expected to have a useful life of 8 years, and JCR estimates it will be able to sell the machine at the end of its useful life for $100,000. During its useful life, the machine is expected to produce 2,000,000 widgets. JCR depreciates the machinery from its date of acquisition Question 24 1 pts Assume JCR uses the units-of-production method of depreciation, and that the machine produces 105,000 widgets in both year 1 (2020) and 2 (2021). What is depreciation expense on JCR's 2020 income statement? $133,000 O $105,000 $99.750 0 $98.000 None of these are correct Question 25 1 pts Assume that JCR uses straight-line depreciation. What is the book value of the machine on JCR's 2020 year-end balance sheet? O None of these are correct 0 $1,861.458 O $1.854.167 0 $1,980.208 O $1.397.917