On January $1,2024,$ Pharoah Company acquired equipment costing $$137,500,$ which will be depreciated on the assumption that the equipment will be useful for five years and have a residual value of $$12,100.$ The estimated output from this equipment is as follows: $2024-15,000$ units; $2025-23,000$ units; $2026-31,000$ units; $2027-26,000$ units; $2028-19,000$ units. The company is now considering possible methods of depreciation for this asset.

$($a$)$

Calculate what the depreciation expense would be for each year of the asset's life, if the company chooses:

i$.$ The straight$-$line method

Straight$-$line depreciation $ per year

ii$.$ The units$-$of$-$production method $($Round depreciation per unit to $2$ decimal places, e$.$g$.15\mathrm{.}25$ and depreciation expense to $0$ decimal places, e$.$g$.125.)$

Units$-$of$-$production method depreciation $

per unit

Year

Depreciation Expense

$2024$

$

$2025$

$

$2026$

$

$2027$$

$2028$

$

iii. The double$-$diminishing$-$balance method

Rate

$\%$

Year

Depreciation Expense

$2024$

$

$2025$

$

$2026$

$

$2027$

$

$2028$

$