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3. Hugh Jackman bought a Fruit Juice Processor for $200,000 on January 1, 2020. He expects to use the product for 5 years and expects
3. Hugh Jackman bought a Fruit Juice Processor for $200,000 on January 1, 2020. He expects to use the product for 5 years and expects to sell the equipment for $20,000 at the end of the 5th year. Mr. Jackman expects to process a total of 12,000 units of Fruit Juices in the 5 years. The expected use of the equipment 2,500 units in the first year, 2,300 units in the second year, 2,500 units in the third year and 3,300 units in the fourth and fifth year. Prepare a schedule of Depreciation showing the depreciation per year using the Straight-Line method, Unit of Production method and Double-Declining method
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