Adams mowing Limited purchased a group of new lawnmowers for $20,000 at 1 July 2020. As the accountant of the business, you have estimated that the mowers are to last five years and to have $500 residual value at that point. The entitys business plan projects cutting 5,000 lawns over the five years, with per-year projections of 500, 1,000, 1,200, 1,800 and 500 lawns over the five years.

Required:

1. Calculate the Accumulated Depreciation balance at the end of the second year using each of the following depreciation bases. Show your working. (6 marks)
   • straight-line
   • diminishing balance (52 per cent rate)
   • units-of-production.