VI$.$ Depreciation expense. $(5\%)$

A new machine costing $$1,800,000$ cash and estimated to have a $$60,000$ salvage value was purchased on January $1.$ The machine is expected to produce $600,000$ units of product during its $8-$year useful life. Calculate the depreciation expense in the first year under the following independent situations:

The company uses the units$-$of$-$production method and the machine produces $70,000$ units of product during its first year.

The company uses the double$-$declining$-$balance method.

The company uses the straight$-$line method.