You are the accountant for Express Company. Express Company acquires an asset with a cost of $244,000, a salvage value of $4,000, and an expected life of 8 years. 1) Calculate depreciation expense for EACH of the first 3 years of the assets life using straight line and double-declining balance depreciation methods. 2) Assume instead that Express Company uses the units of production method to depreciate the asset. Total expected production of the asset is expected to be 2,500,000 units. What is depreciation for each of the first 3 years of the assets life if the units produced are year 1400,000 units, year 2250,000 units , and 700,000 units in year 3 ? 3) What method of depreciation would you recommend to Express Company assuming that you wanted the method that best satisfied the matching principle