value 0.52 points E96 Computing Depreciation under Alternative Methods [LO 9-3] Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 2,000 units; year 2, 3,000 units; year 3, 2,000 units; year 4, 2,000 units; and year 5, 1,000 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straight-line. Income Statement Depreciation Expense Balance Sheet mulated Book Value Accu Depreciation Year Cost At acquisition b. Units-of-production b. Units-of-production. Income Statement Balance Sheet Depreciation Expense Accumulated Book Value Depreciation Year Cost At acquisition 5 c. Double-declining-balance. Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Year Cost Book Value At acquisition 5 2-a. Which method will result in the highest net income in year 2? 2-a. Which method will result in the highest net income in year 2? O Straight-line O Double-declining-balance O Units-of-production 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? O Yes No