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last picture 1st question options are:-

all methods have same total

units of production method

double diminishing balance method

straight line method

2nd question options are:-

units of production method

double diminishing balance method

straight line method

all methods have no cash effect

On April 22, 2020, Pharoah Enterprises purchased equipment for $134,860. The company expects to use the equipment for 11,800 working hours during its 4-year life and that it will have a residual value of $14,500. Pharoah has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 2,000 hours in 2020 2,500 hours in 2021; 3,900 hours in 2022; 2,500 hours in 2023; and 1,100 hours in 2024 Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, c.0.5,276.) Depreciation Expense 2020 2021 2022 2023 2024 Calculate depreciation expense for the life of the asset under double diminishing balance method. (Round answers to decimal places, e.. 5,276.) Depreciation Expense 2020 2021 $ 2022 $ 2023 Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, 0.9. 2.25 and final answers to o decimal places, e.g. 5,276.) Depreciation Expense 2020 2021 $ 2022 2023 2024 121 Which method results in the lowest profit over the life of the asset? Which method results in the least cash used for depreciation over the life of the asset

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