Fleet Sports purchased manufacturing equipment with a cost of $200,000 at the beginning of 2020. The equipment has an estimated life of 4 years or 100,000 snowboards (units of product). The estimated residual value is $20,000. During 2020, 36,000 snowboards (units of product) were produced with this machinery. Determine the following (and show your work).

What is the depreciation expense per unit of production using the units-of-production depreciation?

What is the total depreciation expense at December 31, 2020, using units-of-production depreciation?

What is depreciation expense for the equipment at the end of 2020 using double-declining balance depreciation?

What is depreciation expense for the equipment at the end of 2021 using double-declining balance depreciation?

Assume Fleet Sports depreciated the manufacturing equipment using the straight-line method. Prepare a depreciation table as specifically seen in Canvas (Depreciation Methods video), with column headings of Year, Depreciation Expense, Accumulated Depreciation, and Book Value.