A machine that produces cellphone components is purchased on January 1, 2020, for $117,000. It is expected to have a useful life of four years and a residual value of $11,000. The machine is expected to produce a total of 200.000 components during its life, distributed as follows: 40,000 in 2020, 50,000 in 2021, 60,000 in 2022, and 50,000 in 2023. 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 $ per year ii. Units-of-production method (Round depreciation per unit to 2 decimal places, eg. 15.25 and final answer to decimal places, eg. 125.) Units-of-production method depreciation $ per unit Year 2020 $ 2021 $ 2022 $ 2023 $ iii. Double-diminishing-balance method % Rate Year 2020 $ 2021 $ 2022 $ 2023 $ e Textbook and Media Which method results in the highest depreciation expense: i. during the first two years? ii. over all four years? eTextbook and Media