ABC Machine Corp. buys a specialty lathe for its metal products with an original equipment purchase price of $42,560. The lathe has an estimated economic life of seven (7) years and an assumed salvage value of $1,540. Expected production over the economic life of the lathe is 726,000 units in the following pattern: Year 1-76,000 units; Year 2 95,000; Years 3-7 111,000 units per year Calculate annual depreciation for the specialty lathe using each of the four depreciation methods: Method Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Totals Straight line Units of production Sum-of-years'-digits Double declining balance