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3 On January 3, 2019, the Solomon Toy Company purchased a machine for $29,000. The machine is expected to produce 300,000 units during its 5

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3 On January 3, 2019, the Solomon Toy Company purchased a machine for $29,000. The machine is expected to produce 300,000 units during its 5 year useful life and have a salvage value of $6,000 at the end of that period. The machine produced 69,000 units in 2019, 48,000 units in 2020, and 51,000 units in 2021. Prepare a schedule showing the annual depreciation for 2019, 2020, and 2021 under the straight-line method and the units-of-output method. (Do not round Intermediate calculations.) Straight-Line Units-of-Output Method Method 2019 2020 2021

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