1 July 2020, Victoria Ltd purchased a TIDEL machine that cost $180,000. The transportation cost of the machine was $15,000. The custom duties cost was $5,000 and the maintenance cost of this machine is $2,000 per month. The expected life of this machine is 5 years and will have a residual value of $50,000. Victoria Ltd expects that 400,000 hours of machine work will be done over 5 years as given below: Year 2020 2021 2022 2023 2024 Hours 80,000 120,000 100,000 70,000 30,000 Required: (a) Show the total cost of the TIDEL machine. (1 mark) (b) Assuming a 31 December year end, calculate the depreciation expense for each of the years, 2020 and 2021, using the following depreciation methods (show all workings): (i) Straight-line. (ii) Units-of-production; and (3 marks) (3 marks) (iii) Reducing balance (at a rate of 30% per annum). (2 marks)