Question 1{30 marks} Malibu Co. purchased a machine on October 08, 2019, for $2,500,000. Required Using the table below, calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 50,000 hours with a residual value of $150,000). During the machine's life, it was used 15,000; 14,000; 10,000; 9,000; and 6,000 hours. Year Straight Line Units of Declining Production Balance