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Crane Company purchased equipment on March 31, 2021, at a cost of $284,000. Maragement is coreidering the metit af unirg the ciminishing balance of units

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Crane Company purchased equipment on March 31, 2021, at a cost of $284,000. Maragement is coreidering the metit af unirg the ciminishing balance of units of production method of depreciation irstead of the straight line method which it aartently unes for other equipment. The new equipment has an estimated residial valur of $4,000 and an estimated useful ife of either four yesars or 80,000 units. Demand for thas seducts produced by the equipment is sporadic so the equipment will be used more in some years than in others, Assume the equipment produces the following number of units exch year: 14200 units in 2021:20,000 units in 20024 20,200 units in 2023:20,000 units in 2024: and 5,000 units in 2025. Crane has a Decenber 31 year end. (a) Prepare separate depreciation schedules for the life of the equipmient usings (Round depreciatbin per unit to 2 decinsi platek. eg. 5.28 and firial answers to O decingl ploces, eit. 5.275 ) Straight-line method: Prepare separate depreciation schedules for the life of the equipment usinge RRound depreciathan per unit to 2 dedinal places es. 5.28 and final answers to 0 decimal ploces, es. 5,275.) Straight-line method: Double-diminishing balarice method: Double diminishing balance method: Units of-production method

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