Brunswick Ltd operates four types of equipment. Because of their varied functions, management has decided that four different depreciation methods will be used to determine depreciation charges. Information on the equipment is summarised as follows (ignore GST).

Use of equipment type 4 was 1200 hours in the year ended 30 June 2020; 3200 hours in 2021; and 2600 hours in 2022.

Required

Assuming the financial year ends on 30 June and that depreciation is recorded to the nearest month, calculate the depreciation charges for 2020, 2021, 2022 and 2023 by preparing a schedule with the following headings.

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Equipment type Date acquired Cost 1 1/7/19 $ 95 400 Residual value $10000 2 1/7/19 3 1/1/20 148 000 27 500 15 000 6 years 5500 10 years Useful life 8 years Depreciation method Diminishing balance Sum-of-years'-digits Straight-line 4 15/4/20 39 700 4600 20000 hours Production units