Your client, Burley Designs, recently acquired a new machine to build bicycle wheels for the tandems, recumbents and trailers they build. Total machine cost after installation, calibrations and other related capitalized costs was $18,250. The machine has an expected life of 7 years with a residual value of $2000. The machine is capable of producing 20,000 wheels per year. Burley estimates that they will only ask the machine to produce as follows: Required: Prepare and present depreciation schedules for the machine. Use straight line, units of production and the double declining methods of depreciation. For each method make a brief explanation of how the schedules were determined. Discuss an advantage and disadvantage of each method. Recommend a particular depreciation method for Burley to use and support your recommendation with reasoning. Remember that your audience is professional, but not accountants.