Birkey Company purchased equipment on January 1, 2020, at a total cost of $99,000. The machinerys estimated useful life is 8 years or 60,000 hours, and its residual value is $9,000. During 2020 and 2021, the machinery was used 7,000 and 8,00 hours, respectively.

If the company uses the units-of-production method, what is the depreciation rate per machine hour?

Calculate the depreciation expense for 2020 using the units-of-production method.

Calculate the depreciation expense for 2020 using the double-declining balance method.

How much accumulated depreciation will appear on the Dec. 31, 2020 balance sheet (double-declining balance)?

What is the book value of the asset on Dec. 31, 2020 (double-declining balance)?

Calculate the depreciation expense for 2021 using the double-declining balance method.

How much accumulated depreciation will appear on the Dec. 31, 2021 balance sheet (double-declining balance)?

What is the book value of the asset on Dec. 31, 2021 (double-declining balance)?

What is the depreciation expense in 2022 and the accumulated depreciation and book value of the asset on Dec. 31, 2022 (double-declining balance)?