Question: I need the required part 1, 2, & 3 filled out correctly, please. Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost

please. Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $30,500. Its estimated residual value was $9,500 I need the required part 1, 2, & 3 filled out correctly, please.

Duluth Ranch, Incorporated purchased a machine on January 1, 2021. The cost of the machine was $30,500. Its estimated residual value was $9,500 at the end of an estimated 5-year life. The company expects to produce a total of 10,000 units. The company produced 1,150 units in 2021 and 1,600 units in 2022. Required: a. Calculate depreciation expense for 2021 and 2022 using the straight-line method. b. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. c. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 and 2022 using the straight-line method. Complete this question by entering your answers in the tabs below. Calculate the depreciation expense for 2021 and 2022 using the units-of-production method. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2021 through 2025 using the double-declining balance method. (Round your final answers to nearest whole dollar.)

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