Blossom Limited purchased a machine on account on April 2, 2018, at an invoice price of $380,660. On April 4, it paid $2,180 for delivery of the machine. A one-year, $3,840 insurance policy on the machine was purchased on April 5. On April 18, Blossom paid $8,270 for installation and testing of the machine. The machine was ready for use on April 30. Blossom estimates the machines useful life will be five years or 6,535 units with a residual value of $81,210. Assume the machine produces the following numbers of units each year: 1,014 units in 2018; 1,535 units in 2019; 1,517 units in 2020; 1,279 units in 2021; and 1,190 units in 2022. Blossom has a December 31 year end.

Determine the cost of the machine. Cost of the machine $ Calculate the annual depreciation and total depreciation over the asset's life using: (Round the depreciation cost per unit to the nearest cent. Round answers to O decimal places, e.g. 5,275.) (1) Straight-line method Year Depreciable Cost Depreciation Expense Accumulated Depreciation Carrying Amount 2018 $ 2019 2020 2021 2022 2023 (2) Double-diminishing-balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount 2018 $ $ $ 2019 2020 2021 2022 2023 (3) Units-of-production method (3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amount 2018 $ 2019 2020 2021 2022 Which method causes net income to be lower in the early years of the asset's life