A machine that produces cellphone components is purchased on January 1, 2024, for

$183,000. It is expected to have a useful life of four years and a residual value of $13,000.

The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027.

The company has a December 31 year end.

Calculate the amount of depreciation to be charged each year, using each of the following methods:

i

Straight-line method

Straight-line method depreciation