Goal Company manufactures and sells soccer balls. On 1/1/23, the company purchases a piece of manufacturing equipment for $4,500,000 cash. The expected residual value is $300,000 and the useful life is 5 years. The company expects to produce 60,000,000 balls with the equipment 16,000,000 balls in 2023, 14,000,000 balls in 2024, 10,000,000 balls in 2025, 13,000,000 balls in 2026, and 7,000,000 balls in 2027. SHOW YOUR WORK! Round per unit to the nearest cent.

Goal Company manufactures and sells soccer balls. On 1/1/23, the company purchases a piece of manufacturing equipment for $4,500,000 cash. The expected residual value is $300,000 and the useful life is 5 years. The company expects to produce 60,000,000 balls with the equipment 16,000,000 balls in 2023,14,000,000 balls in 2024,10,000,000 balls in 2025, 13,000,000 balls in 2026, and 7,000,000 balls in 2027. SHOW YOUR WORK! Round per unit to the nearest cent. Assume that Goal Company uses the Straight-Line method of depreciation. Assume that Goal Company uses the Units-of-Activity method of depreciation. 2 Assume that Goal Company uses the Double-Declining-Balance method of depreciation