E9-6 Computing Depreciation under Alternative Methods [LO 9-3) Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000. Assume that the estimated productive life of the machine Is 10,000 units. Expected annual production for year 1, 2,000 units: year 2 3,000 units; year 3, 2,000 units; year 4, 2,000 units; and year 5, 1,000 units Required: 1. Completo a depreciation schedule for each of the alternative methods. (Do not round Intermediate calculations.) a. Straight-line. Balance Sheet Cost Accumulated Book Depreciation Value Income Statement Year Depreciation Expense At acquisition 1 2 3 4 5 b. Units-of-production Income Statement Depreciation Expenso Balance Sheet Accumulated Book Depreciation Value Year Cost AI acquisition 1 2 3 4 5 c. Double-declining-balance Income Statement Balance Sheet Year Depreciation Cont Accumulated Book Expense Depreciation Value AI acquisition 1 3 4 5 b. Units-of-production. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Book Depreciation Value At acquisition 1 2 3 4 5 c. Double-declining-balance. Income Balance Sheet Statement Depreciation Year Accumulated Book Cost Expense Depreciation Value At acquisition 1 2 3 4 5 PN Which method will result in the highest net income in year 2? Units-of-production Double-declining-balance Straight-line 2. Does this higher net income mean the machine was used more efficiently b. under this depreciation method? Yes No