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Cheyenne Corp. purchased machinery for $657,000 on May 1, 2023. It is estimated that it will have a useful life of 10 years, residual value

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Cheyenne Corp. purchased machinery for $657,000 on May 1, 2023. It is estimated that it will have a useful life of 10 years, residual value of $17,000, production of 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 2024, Cheyenne 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 2024 under each of the following methods, assuming Cheyenne has a December 31 year end. Calculate the depreciation charge for 2024 under straight-line method. Depreciation charge for 2024 Calculate the depreciation charge for 2024 under units of production method. (Round depreciation per output unit to 2 decimal places, es. 5.27 and depreciation charge to 0 decimal places, e. .5,275.) Depreciation per output unit /output unit Depreciation charge for 2024 eTextbook and Media Calculate the depreciation charge for 2024 under declining-balance, using a 20% rate. Depreciation charge for 2024

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