Problem 5 ABC Company purchases a factory machine at a cost of $13,000 on January 1, 2020. ABC expects the machine to have a salvage value of $1,000 at the end of its 5-year useful life During its useful life, the machine is expected to be used 100,000 hours. Actual annual hourly use was 2019, 15,000; 2020, 30,000; 2021, 20,000; 2022, 25,000; and 2023, 10,000. Prepare depreciation schedules for the following methods: (a) straight-line, (b) units-of-activity, and (c) declining-balance using double the straight-line rate