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Question 1 2 pts A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. 1. Calculate depreciation expense for the 5-year life using the units of production method. (NOTE: Round your cost per unit to 3 decimal places (Example 0.126) Round your answers to the nearest dollar and enter it WITHOUT decimals, commas or dollar siens (Example 75000).) 1. Year 1 - 250,000 Units __$ 2. Year 2 - 400,000 Units __$ 3. Year 3 - 500,000 Units_$ 4. Year 4 - 550,000 Units $ 5. Year 4 - 300,000 Units $ Question 2 1 pts A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals commas or dollar signs (Example 75000). 1. Year 1 - $ 2. Year 2._$ 3. Year 3 - S 4. Year 4 - $ 5. Year 5 $ Question 3 2 pts A machine was purchased for $500,000 with a residual value of $50.000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Double Declining Balance method for its 5-year life. (NOTE Round your answers to the nearest dollar and enter it enter it WITHOUT decimals commas or dollar signs (Demple 750001.) 1. Year 1 - $ 2. Year 2 - - $ 3. Year 3 $ 4. Year 4 $ 5. Year 5$

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