On april 30, 2014, tilton products purchased machinery for $55,000. the useful life of this machinery is estimated at 8 years, with an $15,000 residual value.1)assume that in its financial statements, tilton products uses straight-line depreciation and the half-year convention. depreciation expense recognized on this machinery in 2014 and 2015 will be: 2)assume that in its financial statements, tilton products uses the 200%-declining-balance method and the half-year convention. depreciation expense in 2014 and 2015 will be: 3)assume that in its financial statements, tilton products uses the 150%-declining-balance method and the half-year convention. depreciation expense in 2014 and 2015 will be: