Problem #1 -15 points A company purchased a machine on January 1 of the current year for $750,000. Calculate and complete the comparative analysis, re: annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000). During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3.000 hours. Double- Declining- Balance Units-of- Production Straight-Line 8 Year Year 1 Year 2 Year 3 Year 4 Year 5 Totals Show analysis below for only ONE YEAR if revenues were $500,000, show the profitability using each method in year one and explain which method is best for profitability and which is best for tax purposes. Profitability analysis: Straight Line Units of production Double Declining Bal. Show work