On September 25, 2020, sochi sports bought machinery for 165,000. it was determined that the machinery would be used for three years or until it produced 50,000 units and then it would be sold for about 30,000

Required: Complete the following depreciation schedule by calculating annual depreciation expense to the nearest whole month for 20x4,20x5, 20x6 & 20x7. Round final answers to the nearest dollar but do NOT round during calculations. Show work and circle final answers. Year Straight-line Depreciation Method Double-Declining Balance 20x4 20x5 20x6 20x7 Assume actual units produced: 20x4: 15,000 20x5: 22,000 20x6: 26,000 20x7: 5,000 Year Depreciation Method Units of Production 20x4 20x5 20x6 20x7