In early March 2020, CBR Ltd is considering the acquiring machinery for $1630000 (GST inclusive) to be used in the manufacture of a new product. The machinery has a useful life of 10 years, during which the management is planning to produce 600000 units of the new product. The residual value of the machinery under consideration is $160000.

The following projections were made in order to select a depreciation method to be used for the machinery.

year ended 30th Uts of output repairs/maintenance profit before

june depreciation

2020 60000 80000 400000

2021 55000 70000 390000

2022 65000 90000 405000

2023 68000 100000 410000

2024 70000 110000 430000

In calculating the profit before depreciation, all expenses have been deducted, including the repairs and maintenance expense.

Required

As the accountant for CBR Ltd, prepare separate depreciation schedules for the machinery for the 5-year period, using the following depreciation methods:

i.straight-line

ii.diminishing balance

iii.sum-of-years'-digits

iv.units-of-production.

Use the following headings for each schedule: 'Year ending 30 June', 'Annual depreciation expense', 'Accumulated depreciation', 'Carrying amount at end of year'.