On June 9, 2020, Pharoah Company purchased manufacturing equipment at a cost of $322,600. Pharoah estimated that the equipment will produce 560,000 units over its 5-year useful life, and have a residual value of $14,600. The company has a December 31 fiscal year end and has a policy of recording a half-year's depreciation in the year of acquisition Calculate depreciation under the straight-line method for 2020 and 2021. Depreciation Expense 2020 $ 2021 $ Calculate the depreciation expense under the double diminishing-balance method for 2020 and 2021 Depreciation Expense 2020 $ 2021 $ will DELL Calculate the depreciation expense under the units-of-production method, assuming the actual number of units produced was 70,800 in 2020 and 118,500 in 2021. (Round cost per unit to 2 decimal places, e.g. 5.27 and round final answers to decimal places, eg. 5,275.) Depreciation Expense 2020 $ 2021 $ Attempts: 0 of 1 used Set A Save for Later E DELL F12 F11 F10 Priser FO FB FC F7 F5 F4 F3 2 F2 F1 - & A % $ # 7 8 09