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On January 1, 2024, Crane Company, a small machine-tool manufacturer, acquired for $1.120,000 a piece of new industrial equipment. The new equipment had a useful

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On January 1, 2024, Crane Company, a small machine-tool manufacturer, acquired for $1.120,000 a piece of new industrial equipment. The new equipment had a useful life of 5 years, and the salvage value was estimated to be $61,600, Crane estimates that the new equipment can produce 12,100 machine tools in its first year. It estimates that production will decline by 1,010 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 iife is 7 years. Use the MACRS tables for computing depreciation. Compute accumulated depreciation under the following methods: (1) straight-line, (2) double-declining-balance, (3) sum-of-theyears'-digits, and (4) units-of-output for the 3-year period ending December 31, 2026. Ignore present value, income tax, and deferred income tax considerations. (Round cost per unit to 2 decimal places, eg. 25.12 and final answers to 0 decimal ploces, eg. 5,125)

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