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On June 9.2020. Ivanhoe Company purchased manufacturing equipment at a cost of $366,800. Ivanhoe estimated that the equipment will produce 640,000 units over its 4

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On June 9.2020. Ivanhoe Company purchased manufacturing equipment at a cost of $366,800. Ivanhoe estimated that the equipment will produce 640,000 units over its 4 year useful life and have a residual value of $14.500. 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 $ 352000 2021 $ e Textbook and Media Calculate the depreciation expense under the double diminishing balance method for 2020 and 2021 Depreciation Expense 2020 $ 2021 $ e Textbook and Media Calculate the depreciation expense under the units of production method, assuming the actual number of units produced was 70,800 in 2020 and 118,300 in 2021. (Round cost per unit to 2 decimal places, eg. 5.27 and round final answers to decimal places, eg, 5.275.) Depreciation Expense 2020 $ 2021 $

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