Torge Company bought a machine for $$71,000$ cash. The estimated useful life was five years, and the estimated residual value was

$$7,000.$ Assume that the estimated useful life in productive units is $160,000.$ Units actually produced were $42,000$ in year $1$ and $48,000$

in year $2.$

Required:

Determine the appropriate amounts to complete the following schedule.

$2-$a$.$ Which method would result in the lowest net income for Year $1?$

Straight$-$line

Units$-$of$-$production $***$

Double$-$declining$-$balance

$2-$b$.$ Which method would result in the lowest net income for Year $2?$

Double$-$declining$-$balance

Units$-$of$-$production

Straight$-$line

Which method would result in the lowest fixed asset turnover ratio for year $1?$

Straight$-$line

Units$-$of$-$production $x$

Double$-$declining$-$balance