Calculate the annual depreciation and total depriciation over the asset's life using

1.Straight line method

2. Double diminishing balance method

3. Units of production method

Wildhorse Limited purchased a machine on account on April 1, 2021, at an invoice price of $366,240. On April 2, it paid $1.840 for delivery of the machine. A one-year, $3,790 insurance policy on the machine was purchased on April 5. On April 19. Wildhorse paid $7,350 for installation and testing of the machine. The machine was ready for use on April 30 . Wildhorse estimates the machine's useful life will be five years or 6.195 units with a residual value of $73.300. Assume the machine produces the following numbers of units each year: 874 units in 2021:1.508 units in 2022; 1.379 units in 2023; 1.334 units in 2024: and 1,100 units in 2025. Wildhorse has a December 31 year end. Calculate the annual depreciation and total depreciation over the asset's life using: (Round the depreciation cost per unit to 2 decimal places. Round answers to 0 decimal places, eg. 5.275 .) (1) Straight-line method (2) Double-diminishing-balance method (3) Units-of-production method Which method causes net income to be lower in the early years of the asset's life