8.1/4 Question 5 View Policies Show Attempt History Current Attempt in Progress Carla Vista Co. purchased equipment on March 27, 2018, at a cost of $224,000. Management is contemplating the merits of using the diminishing-balance or units-of-production method of depreciation instead of the straight-line method, which it currently uses for other equipment. The new equipment has an estimated residual value of $8,000 and an estimated useful life of either four years or 80,000 units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following number of units each year: 14,800 units in 2018; 20,400 units in 2019; 19,800 units in 2020; 20,000 units in 2021; and 5,000 units in 2022. Carla Vista has a December year end. (a) - Your answer is partially correct. Prepare separate depreciation schedules for the life of the equipment using: (Round depreciation per unit to 2 decimal places, e.g. 5.28 and final answers to O decimal places, e.g. 5,275.) Straight-line method: Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying Amount Year $ 2018$ 2019 2020 2021 2022 216.000 $ 189.000 162 000 125.000 108.000 27000 $ 277000 27000 27.000 27.000 270001 54.000 ST1000 108.000 135.000 189.000 162.000 11000 108.000 81000 Double-diminishing-balance method: Opening Carrying Amount Depreciation Expense Accumulated Depreciation Year $ 2018$ 2019 2020 2021 2022 216,000 $ 162.01001 6715001 50,67215 K71967 54,000 $ 20.500 16,875 112.656 92492 54.000 92,5001 UR375 12.030 K.5223 Carrying Amount 216.000 162.000 6745001 50.625 371967 28.477 Units-of-production method: Year Units-of-Production Depreciation Expense Accumulated Depreciation Carrying Amount 2018 2019 2020 2021 2022 14.800 $ 20.400 10.8007 20.000 9.60 $ 5510801 56 4601 54.000) 2007 9.9702 9510201 148.500 202500 216.000 17760401 12019601 67.500 13.500 Save for Later Attempts: 1 of 3 used Submit Answer Question Part Score 8.25/3