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Hello. Could someone please help me figure out what I am doing wrong under section...

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Finance

Hello. Could someone please help me figure out what I am doing wrong under section B? I am doing the product unit formula for depreciation but I keep getting an answer different to the one on the answer sheet, for charge in year 2. The correct answer is (117,300) and I keep getting (89,148). Thank you in advance.

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Problem 4: ForestCorp purchases a piece of equipment costing $540,000. The equipment has an estimated useful life of six years and a trade in value of $30,000. a.) Under the straight line method, what would be the depreciation charge per year? Cost $ 540,000.00 Trade-in value $ 30,000.00 Amount to depreciate $ 510,000.00 Divide by 6 $85,000.00 b.) Suppose that the equipment is expected to produce a total of 100,000 units as follows: Year 1: 24,000 Total units produced Year 2: 23,000 100,000 Year 3: 19,000 Year 4: 18,000 Year 5: 10,000 Year 6: 6,000 Use the product units method to find the depreciation charges for each year. Construct a depreciation table. Insert rows below to fit. Charge Beginning NBV $ 540,000.00 $ 417,600.00 Ending NBV (122,400) $ 417,600.00 1 2 3 NMD 4 5 6

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