A machine that produces cellphone components is purchased on January $1,2024,$ for $$171,000.$ It is expected to have a useful life of four years and a residual value of $$12,000.$ 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.

$($a$)$

Your answer is correct.

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

i$.$ Straight$-$line method

Straight$-$line method depreciation $enter a dollar amount per year

$39750$

Correct answer per year

ii$.$ Units$-$of$-$production method $($Round depreciation per unit to $3$ decimal places, e$.$g$.15\mathrm{.}257$ and depreciation expense to $0$ decimal places, e$.$g$.125.)$

Units$-$of$-$production method depreciation $enter a dollar amount per unit rounded to $3$ decimal places

$0\mathrm{.}795$

Correct answer per unit

Year

Depreciation Expense

$2024$

$enter a dollar amount

$31800$

Correct answer

$2025$

$enter a dollar amount

$39750$

Correct answer

$2026$

$enter a dollar amount

$47700$

Correct answer

$2027$

$enter a dollar amount

$39750$

Correct answer

iii. Double$-$diminishing$-$balance method

Rate enter percentages

$50$

Correct answer$\%$

Year

Depreciation Expense

$2024$

$enter a dollar amount

$85500$

Correct answer

$2025$

$enter a dollar amount

$42750$

Correct answer

$2026$

$enter a dollar amount

$21375$

Correct answer

$2027$

$enter a dollar amount

$9375$

Correct answer

eTextbook and Media

Attempts: $1$ of $3$ used

$($b$)$

Which method results in the highest depreciation expense:

i$.$

during the first two years?

double diminshing method or straingt line or unit of production or all are the same

ii

over all four years double diminshing method or straingt line or unit of production or all are the same