Depreciation Methods Winsey Company purchased equipment on January 2, 2019 for $700,000. The equipment has the following characteristics Estimated service de 20 years, 100,000 hours, 950,000 units of output Estimated residual value $50,000 During 2019 and 2020, the company wed the machine for 4,500 and 5,500 hours, respectively, and produced 40,000 and 60,000 units, respectively Required: Compute deprecation experise for 2019 under each of the following methods Round the depreciation rate per hour to 3 decimal places and depreciation rate per unit to 2 decimal places. If required, round your final answers to the nearest dollar 1. Straight-line method 32,500 2. Activity method based on hours worked 29,250 3. Activity method based on units of output 27,360 x 4. Sum-of-the-years-digits method 61,905 S. Double-dectining balance method 70,000 6. 150%-declining balance method 52,500 5 $ $ 5 Compute depreciation expense for 2020 under each of the following methods Round the depreciation rate per hour to 3 decimal places and depreciation rate per unit to 2 decimal places. If required, round your final answers to the nearest dollar. 1. Straight line method 32,500 Round the depreciation rate per hour to 3 decimal places and depreciation rate per unit to 2 decimal places. If required, round your final answers to the nearest dollar $ 32,500 $ 34,141 X $ 39,324 X 1. Straight-line method 2. Activity method based on hours worked 3. Activity method based on units of output 4. Sum of-the-years-digits method 5. Double-declining-balance method 6. 150%-declining-balance method $ 58,810 $ 50,500 x $45,093.7 X 7. Next Level tr Winsey used a service life of 16 years, 80,000 houts, or 750,000 units of output, what would be the effect on depreciation expense under the straight tine, sum-ofthe-yearsdigits, and declining balance depreciation methods? If required, round your answers to the nearest dollar. 2019 2020 Straight line method 40,625 Activity method based on hours worked $ 76,471 Xs Activity method based on units of output $ $ Sum-of-the-years-digits method 3 87,500 $ Double-declining-balance method 150%-declining balance method $ 65,625 $