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On January 1, 2020, Rasmus Mining Ltd. purchased new mining equipment costing $402,784, which will be depreciated on the assumption that the equipment will be

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On January 1, 2020, Rasmus Mining Ltd. purchased new mining equipment costing $402,784, which will be depreciated on the assumption that the equipment will be useful for four years and have a residual value of $27,600 when the company is finished using it. The estimated output from this equipment, in tonnes, is as follows: 2020-100,300,202129,900; 2022104,900: 202351,300. 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: The straight-line method Straight-line depreciation $Enter Straight-line depreciation in dollars per year. The units-of-production method (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answer to o decimal places, e.g. 125.) Units-of- production method depreciation SEnter units-of-production method depreciation in dollars per unit. Year 2020 SEnter a dollar amount 2021 SEnter a dollar amount 2022 SEnter a dollar amount 2023 SEnter a dollar amount The double- ding-bounce method Rate Enter percentages Year 2020 SEnter a dollar amount 2021 Entroller amount 2022 SEnter a dollar amount 2023 Senter dollar amount

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