Equipment was purchased for the cost of $780,000 on March 1. The companys fiscal year end is November 30. The equipment is estimated to have an eight-year life and a $175,000 residual value. Based on experience, the equipment can produce 490,000 units of a product before it must be replaced. The budgeted numbers of units per year are:

Year	1	2	3	4	5
No. of Units	105,000	165,000	145,000	85,000	90,000

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?