E8-10 LO8-3 Computing Depreciation under Alternative Methods Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $950,000 The estimated residual value was $50,000. Asume tha the estimated useful life was five years and the estimated productive life of the machine was 300.000 units. Actual annual production was as follows: Units 70,000 67.000 50.000 73.000 Reywined: 1. Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar Straight line Units-of-production Double-declining balance. Method: Depreciation pee Accumulated Depreciation Net Teck Value Year Computation Al acquisition 2. Assuming that the machine was used directly in the production of one of the products that the company manufactures and sells, what factors might management consider in selecting a preferable depreciation method in conformity with the expense principle