wance method. Omit explanations. On January 1, 2019, Sapphire Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is below: Year 1: 4,500 Year 2: 6,000 Year 3: 5,200 Year 4: 4,300 Year 5: 2,000 Year 6: 2,000 4. Prepare the depreciation schedule using the straight line method of depreciation. 5. Prepare the depreciation schedule using the units-of-production method of deprecation. 6. Prepare the depreciation schedule using the double-declining-balance method of depreciation. book s Depraciatrn r the Year Deprecatrm Gxpense Assat Cost Depressable Accumulled Deprecishion Book Value 4Date usefol Life 4o0000-40poo olaD,000 ueloD, Doo 33,34D, DOD 13,3a0,000 21,AD,DOo 19,430,000 0 0a0,000 Lya4re0pso 12,21e0,9 +5 33.300,000 Lle 29,940,000 alsslai a/slaa O O0 Ister hefstent Date 40p00,pam 40 000,000-4D, o00 /24,000