Problem 2 - 20 Marks Garage purchased a specialized machine on April 1, 2021 for a total cost of $ 254,000 from Scissor Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $ 25,000. Required a) What amount Garage's would be reported as depreciation expense for this machine for December 31, 2021 and December 31, 2022 under the following depreciation methods? (rounded to two decimals) Straight-line method ii) Double diminishing-balance method b) What is the machine's carrying amount at January 1, 2023 under both depreciation methods discussed in part a)