Calculate the depreciation charge for $2024$ under declining$-$balance, using a $20\%$ rate.

Depreciation charge for $2024$

$ Question $2$ of $3$

Riverbed Corp. purchased machinery for $$717,000$ on May $1,2023.$ It is estimated that it will have a useful life of $10$ years, residual

value of $$17,000,$ production of $280,000$ units, and $35,000$ working hours. The machinery will have a physical life of $15$ years and a

salvage value of $$3,000.$ During $2024,$ Riverbed used the machinery for $2,000$ hours and the machinery produced $28,000$ units.

Riverbed prepares financial statements in accordance with IFRS.

From the information given, calculate the depreciation charge for $2024$ under each of the following methods, assuming Riverbed has a

December $31$ year end.

Calculate the depreciation charge for $2024$ under straight$-$line method.

Depreciation charge for $2024$

eTextbook and Media

Calculate the depreciation charge for $2024$ under units of production method. $($Round depreciation per output unit to $2$ decimal

places, e$.$g$.5\mathrm{.}27$ and depreciation charge to $0$ decimal places, e$.$g$.5,275.)$

Depreciation per output unit

$

$/$output unit

Depreciation charge for $2024$

$