Crane Limited purchased a machine on account on April 1, 2021, at an invoice price of $325,020. On April 2, it paid $1,820 for delivery of the machine. A one-year, $3,940 insurance policy on the machine was purchased on April 5. On April 19, Crane paid $8,150 for installation and testing of the machine. The machine was ready for use on April 30. Crane estimates the machines useful life will be five years or 6,326 units with a residual value of $81,460. Assume the machine produces the following numbers of units each year: 999 units in 2021; 1,507 units in 2022; 1,436 units in 2023; 1,364 units in 2024; and 1,020 units in 2025. Crane has a December 31 year end.

Cost of the machine -334990

Calculate the annual depreciation and total depreciation over the assets life using: (Round the depreciation cost per unit to 2 decimal places. Round answers to 0 decimal places, e.g. 5,275.)

Use Double-diminishing-balance method

Year

Units-of-production

Depreciation Expense

Accumulated Depreciation

Carrying Amoun