USE THE FOLLOWING TO ANSWER THE NEXT THREE QUESTIONS. Jones Company purchased a machine on January 1, 19xx for $60,000. The machine has a useful life of four years or 20,000 units of production and an estimated residual value of $10,000. 17. The amount of depreciation to be recorded for each year using the straight-line method would be? What is the book value (carrying value) after the second year? 18. The amount of depreciation to be recorded for the first year using the double-declining-balance method would be? 19. The amount of depreciation to be recorded for the first year, using the units of production method and assuming that 4,000 units are produced, would be? 20. Know the difference between a capital expenditure and a revenue expenditure. Give examples of each.