E7-8 (Algo) Computing Depreciation under Alternative Methods LO7-3 Homy Ice Cream Company bought a new lce cream maker at the beginning of the year at a cost of $9,000. The estimated useful life was four years, and the residual value was $600. Assume that the estimated productive life of the machine was 12,000 hours. Actual annual usage was 4,200 hours in year 1;3,900 hours in year 2;2,900 hours in year 3 ; and 1,000 hours in year 4 . Required: 7-a. Complete a separate depreciation schedule by using Straight-fine method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3 rd year minus residual value.) b. Complete a separate depreciation schedule by using Units-of-production method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) -c. Complete a separate depreciation schedule by using Double-declining-balance method. (Round your answers to the nearest doliar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.)