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

$177,000. It is expected to have a useful life of four years and a residual value of $15,000. 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 $ _________

ii.

Units-of-production method (Round depreciation per unit to 3 decimal places, e.g.

15.257 and depreciation expense to 0 decimal places, e.g. 125.)

Units-of-production method depreciation $_________ per unit

Year Depreciation Expense

2024 $ ________

2025 $__________

2026 $__________

2027 $__________

iii.

Double-diminishing-balance method

Rate _______%

Year Depreciation Expense

2024 $ ________

2025 $__________

2026 $__________

2027 $__________