4. U Company purchased a new piece of manufacturing machinery on January 2, 2019. The machine had a total cost of $192,000 and an estimated salvage value of $15,000. Its useful life is estimated to be 8 years; over its life, it should produce 2,000,000 units of product. During 2020, the machine produced 282,000 units.

Required:

Show calculations on tab P 4 for the amount of depreciation expense U will recognize in 2020 under straight-line, units-of-production, and double-declining depreciation methods. Depreciation was recorded normally for 2019. You are calculating depreciation for the second year in the machines life.