Complete this problem on Depreciation Show as much work as possible so that you can receive partial credit in case Cost of the equipment is $41,000 Salvage (residual) value is $1,000 Life of the machine in years is 5 years Life of the machine in hours is 100,000 hours A. Calculate Straight line Depreciation Expense for years 1 and 2 B. Calculate Double Declining Depreciation Expense for years 1 and 2 C. Caclulate depreciation Expense using Units of Activity for year 1 (20,000 hours were used) and year 2 (30,000 hours were used)