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Bron Sodas Ltd. purchased bottling line equipment on January 1, 2020, for $438,320. It is expected to have a useful life of four years and
Bron Sodas Ltd. purchased bottling line equipment on January 1, 2020, for $438,320. It is expected to have a useful life of four years and a residual value of $ 34,000. The machine is expected to handle a total of 2,527,000 bottles during its life, distributed as follows: 705,000 in 2020,713,000 in 2021,603,000 in 2022 and 506,000 in 2023. The company has a December 31 year end Calculate the amount of depreciation to be charged each year, using each of the following methods: i Straight-line Straight-line method depreciation $ per year it. Units-of-production (Round depreciation per unit to 2 decimal places, eg. 15.25 and final answer to decimal places, eg. 125.) Units-of-production method depreciation $ per unit Year 2020 $ 2021 S 2022 S 2023 S iii. Double-diminishing-balance Rate 96 Year 2020 $ 2021 $ 2022 $ 2023 $ e Textbook and Media Which method results in the highest depreciation expense: i. during the first two years? Which method results in the highest depreciation expense: i. during the first two years? ii. over all four years
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