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A machine that produces cellphone components is purchased on January 1,2024, for $112,000. It is...

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Accounting

A machine that produces cellphone components is purchased on January 1,2024, for $112,000. It is expected to have a
useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000
components during its life, distributed as follows: 40,000 in 2024,50,000 in 2025,60,000 in 2026, and 50,000 in 2027.
The company has a December 31 year end.
(a)
Calculate the amount of depreciation to be charged each year, using each of the following methods:
i. Straight-line method
Straight-line method depreciation $
per year
ii. Units-of-production method (Round depreciation per unit to 3 decimal places, e.g.15.257 and
depreciation expense to 0 decimal places, e.g.125.)
Units-of-production method depreciation $
per unit
Year Depreciation Expense
2024$
2025$
2026$
2027$
iii. Double-diminishing-balance method
Rate
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