You're not finished! There are EIGHT problems, each on a different tab. 5. (24 points) on April 1 of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be four years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 12,000 units were produced. Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses: a. The straight-line method of depreciation b. The units-of-production method of depreciation c. The double-declining balance method of depreciation Show calculations immediately below each method listed below. The template for the journal entries is below double-declining balance. Please label your journal entries a, b, and to correspond to the method instead of providing a date. You may omit explanations. + a. The straight-line method of depreciation b. The units of production method of depreciation c. The double declining balance method of depreciation 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Date Account Titles and Explanations Debit Credit 45 46 47 48 49 SO 51 52 53 54 55 56