Cheyenne Corp. purchased machinery for $657,000 on May 1, 2020. It is estimated that it will have a useful life of 10 years, residual value of $17,000, production of 320,000 units, and 40,000 working hours. The machinery will have a physical life of 15 years and a salvage value of $3,000. During 2021, Cheyenne Corp. used the machinery for 2,000 hours and the machinery produced 25,500 units. Cheyenne prepares financial statements in accordance with IFRS. From the information given, calculate the depreciation charge for 2021 under each of the following methods, assuming Cheyenne has a December 31 year end.

(a) Calculate the depreciation charge for 2021 under straight-line method.

Depreciation charge for 2021

$ 64,000

(b) Calculate the depreciation charge for 2021 under units of production method. (Round rate per unit to 2 decimal places, e.g. 5.27.)

Depreciation per output unit			/output unit
Depreciation charge for 2021		$

Please, answer b.