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Cullumber Productions Corp. purchased equipment on March 1, 2021, for $65,000. The company estimated the equipment would have a useful life of three years and
Cullumber Productions Corp. purchased equipment on March 1, 2021, for $65,000. The company estimated the equipment would have a useful life of three years and produce 10,000 units, with a residual value of $11,000. During 2021 , the equipment produced 4,000 units. On November 30,2022 , the machine was sold for $18,000 and had produced 5,600 units that year. Complete the following schedule for each method of depreciation and compare the total expense over the two-year period. (Round answers to 0 decimal ploces, e.g. 5,275.)
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