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Bron Sodas Ltd. purchased bottling line equipment on January 1, 2020, for $323,400. It is expected to have a useful life of four years and
Bron Sodas Ltd. purchased bottling line equipment on January 1, 2020, for $323,400. It is expected to have a useful life of four years and a residual value of $39,000. The machine is expected to handle a total of 2,370,000 bottles during its life, distributed as follows: 677.000 in 2020, 681,000 in 2021, 548,000 in 2022, and 464,000 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: Straight-line Straight-line method depreciation $ 71100 per year IL Units-of-production (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, eg 125) Units of production method depreciations 012 per unit ii. Units-of-production (Round depreciation per unit to 2 decimal places, e.g. 15.25 and places, e.g. 125.) Units-of-production method depreciation $ 0.12 per unit Year 2020 $ 81240 2021 $ 81720 2022 $ 65760 2023 $ 55680 lii. Double-diminishing balance iii. Double-diminishing-balance Rate % Year 2020 $ 2021 $ 2022 $ 2023 $ ii. over all four years? Save for Later Last saved 56 minutes ago. Saved work will be auto-submitted on the due date. Aut submission can take up to 10 minutes. 22 Straight-line All are the same Double-diminishing-balance Units-of-production Save for Later Last saved 56 minutes ago. Saved work will be auto-submitted on the due date. A submission can take up to 10 minutes. 22
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