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Blossom Manufacturing purchased a machine on August 1, 2020 for use in its factory. Blossom paid $603,000 for the machine and estimated that it had
Blossom Manufacturing purchased a machine on August 1, 2020 for use in its factory. Blossom paid $603,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $48.000. During its life, the machine was expected to produce 444,000 units. During 2020, the machine produced 20.000 units, and produced 30,000 in 2021. The machine was subject to a 20% CCA rate, and Blossom's year-end was December 31. Calculate the annual depreciation amount for 2020 and 2021 under the straight-line method. 2020 2021 $ $ Depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the activity method. (Round per unit value to 2 decimal places, eg.5.75 and final answers to decimal places, eg. 5,275.) 2020 2021 $ Depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the double-declining balance method. 2020 2021 $ Depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the capital cost allowance method. 2020 2021 $ $ Depreciation amount
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