Equipment was purchased for the cost of $750,000 on January 1. The companys fiscal year end is July 31. The equipment is estimated to have a four-year life and a $150,000 residual value. Based on experience, the equipment can produce 480,000 units of a product before it must be replaced. The actual units produced per year are:

Year	1	2	3	4	5
No. of Units	75,000	185,000	190,000	65,000	35,000

When answering the following questions, dont round your figures when doing calculations to avoid rounding errors.

1. Using the straight-line method, calculate the depreciation expense for year 1 (nearest dollar without comma, e.g. 15000): Answer

2. Using the straight-line method, calculate accumulated depreciation at the end of year 2 (nearest dollar without comma, e.g. 15000): Answer

3. Using the units-of-production method, calculate the accumulated depreciation at the end of year 2 (nearest dollar without comma, e.g. 15000): Answer

4. Using the units-of-production method, calculate the depreciation expense for year 4 (nearest dollar without comma, e.g. 15000): Answer

5. Using the double diminishing-balance method, calculate the annual rate (nearest percentage without % symbol, e.g. 25): Answer

6. Using the double diminishing-balance method, calculate the depreciation expense for year 1 (nearest dollar without comma, e.g. 15000): Answer