Problem 6-23A Calculating depreciation expense using three different methods CHECK FIGURES b. Depreciation Expense, Year 1: $29,600 c. Depreciation Expense, Year 2: $19,000 Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase price $ 70,000 Delivery cost $ 3,000 Installation charge $ 1,000 Estimated life 5 years Estimated units 140,000 Salvage estimate $ 4,000 During Year 1, the machine produced 36,000 units and during Year 2, it produced 38,000 units. Required Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods: a. Straight-line. b. Double-declining-balance. Answer c. Units of production. PROBLEM 6-23 a. Straight-Line Show how you calculate the amount: 2018 $ 2019 $ b. Double-Declining-Balance Show how you calculate the amount c. Units-of-Production Show how you calculate the amount