On January 1, 2019, Metlock Company, a small machine-tool manufacturer, acquired for $1,750,000 a piece of new industrial equipment. The new equipment had a useful life of 5 years, and the salvage value was estimated to be $77,200. Metlock estimates that the new equipment can produce 14,200 machine tools in its first year. It estimates that production will decline by 2,180 units per year over the remaining useful life of the equipment. The following depreciation methods may be used: (1) straight-line, (2) double-declining-balance, (3) sum-of-the-years-digits, and (4) units-of-output. For tax purposes, the class life is 7 years. Use the MACRS tables for computing depreciation. 20.00 Recovery 3-year Year (2009 DB) 1 33.33 2 44.45 3 14.81" 4........ 7.41 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 MACRS Depreciation Rates by Class of Property 5-year 7-year 10-year (2009 DB) (2009 DB) (200% DB) 14.29 10.00 32.00 24.49 18.00 19.20 17.49 14.40 11.52" 12.49 11.52 11.52 8.93* 9.22 5.76 8.92 7.37 8.93 6.55* 4.46 6.55 6.56 6.55 3.28 15-year (150% DB 5.00 9.50 8.55 7.70 6.93 6.23 5.90* 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 20-year (150% DB) 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462" 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 *Switchover to straight-line depreciation. Compute accumulated depreciation by using MACRS and optional straight-line method for the 3-year period ending December 31, 2021. Ignore present value considerations. Accumulated Depreciation Methods 2019 2020 2021 MACRS $ $ $ ta Optional straight-line method $ $ $