Question: Please answer all questions. 1) If the machine is being depreciated on a straight line basis, what is the book value at 12/31/Year 3? 2)

Please answer all questions. 1) If the machine is being depreciated on a straight line basis, what is the book value at 12/31/Year 3? 2) If the machine is depreciated using double decling balance m, how much is the depreciation for year 1? 3) If the machine is depreciated using double decling balance, what is the book value at 12/31/year 3? A machine is purchased on April 1, Year 1 for $95,000. It has a salvage value of $5,000 and a useful life of 5 years. It is expected to produce 1,800,000 units of product during its life. Use this information to answer the question below

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