Amachine that produces cellphonecomponents is purchased on January 1, 2024,for $171,000. It is expected to have a usefullife of four years and a residual value of$12,000. The machine is expected to producea total of 200,000 components during its life,distributed as follows: 40,000 in 2024, 50,000in 2025, 60,000 in 2026, and 50,000 in 2027.The company has a December 31 year end.Calculate the amount of depreciation tobe charged each year, using each of the double-diminishing-balance method.Rate. %Year. Depreciation expense2024. $2025. $2026. $2027. $

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