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Barometer Ltd operates four types of equipment which are used in various functions. The management of the firm has decided to use different depreciation method

Barometer Ltd operates four types of equipment which are used in various functions. The management of the firm has decided to use different depreciation method to determine depreciation charges to each of the equipment. Information about the equipment is available below

Equipment type Date acquired cost Residual value useful life depreciation method
1 1/9/15 $95400 $10000 8years Diminishing balance
2 1/10/15 $148000 $15000 6years sum-of-years'-digital
3 1/1/16 $27500 $5500 10years straight-line
4 15/4/15 $39800 $4600 20000 hours production units

production units

The usage of equipment 4 was 1 000 hours in the year ended 30 June 2015, 1 200 hours in the year ended 30 June 2016 and 3 200 hours in 2017.

Required:

Assuming the financial year ends is on 30 June and that depreciation is recorded to the nearest month, calculate the depreciation charge for 20162017 financial year of each equipment using its respective method (round your answer to closest dollar and show all your working).

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