method to the neares whole month, assuming a 15-year life and a $45,000 residual value. 3. Calculate the 2020 depreciation expense on the land improvements assuming an eight-year life, $36,00 residual, and double-declining-balance depreciation to the nearest whole month (round calculations the nearest whole dollar). Problem 25 Alternative depreciation methods; partial year's depreciation LO2, 3 CHECK FIGURES: 2020 SL = $31,304; 2025 Units = $21.140: 2022 DDB = $48,048 On May 2, 2020, Uniglobe Satellite Company purchased and installed a new machine that cost $273,000, wi a five-year life and an estimated $38,220 residual value. Management estimated that the machine would p duce 168,000 units of product during its life. Actual production of units was as follows: 2020 2021 2022 2023 23,520 36.960 33,600 31,920 26,600 30,940 2024 2025 Required Prepare a schedule with the following column headings. Year Straight-Line Units-of-Production Double-Declining-Balance Show the depreciation for each year (calculated to the nearest whole month) and the total depreciation for To unito of nroduction round the depreciation charge per un ma