Your company just purchased a new machine that cost $50,000. You are requested to compute the depreciation assuming a salvage value of $5,000 and a useful life of 5 years. It is also anticipated that the machine will be useful for 100,000 hours. INSTRUCTIONS Compute the depreciation expense for all years for this new machine using each of the following methods: a. straight-line method b. units-of-activity method assuming actual activity as follows: year 1 year 2 year 3 year 4 year 5 c. double-declining balance method. 10,000 hours 30,000 hours 35,000 hours 20,000 hours 5,000 hours