(3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amou Cullumber Limited purchased a machine on account on April 1, 2021, at an invoice price of $381,780. On April 2, it paid $2,190 for delivery of the machine. A one-year, $3,730 insurance policy on the machine was purchased on April 5. On April 19, Cullumber paid $8,060 for installation and testing of the machine. The machine was ready for use on April 30. 2021 976 $ 50000 $ 50000 $ 34 2022 1394 71415 121414 27 2023 1413 72388 193802 19 Cullumber estimates the machine's useful life will be five years or 6,107 units with a residual value of $79,190. Assume the machine produces the following numbers of units each year: 976 units in 2021; 1,394 units in 2022; 1,413 units in 2023; 1,225 units in 2024; and 1,099 units in 2025. Cullumber has a December 31 year end. 2024 1225 62757 256559 13 2025 1099 56302 312861 7