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Nut and Bolts Inc purchased equipment at a cost of $475,000 On January 1, 2024. The Installation cost of the equipment was & 20,000. It

Nut and Bolts Inc purchased equipment at a cost of $475,000 On January 1, 2024. The Installation cost of the equipment was & 20,000. It is expected to produce a total of 3,500,000 unit over its fine-year life with estimated production of 500,00 unit In 2024: 750,000 unit in 2025, 875,000 Unit in each of 2026 and 2027; 500,000 unit in year 2028.

Required Prepare full depreciation schedule using units of production and double declining method.

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