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Part B On July 1, 2020, Ike's Industrial Enterprises purchased a machine for $176,000. The company expects to drive the truck for 320,000 units during

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Part B On July 1, 2020, Ike's Industrial Enterprises purchased a machine for $176,000. The company expects to drive the truck for 320,000 units during its three-year life and that it will have a residual value of $16,000. Serenity has a December 31 year end. The machine actually produced the following number of units: Year 2020 2021 2022 2023 Units 72.000 106.800 98,000 43,200 Prepare a depreciation schedule for the life of the asset under each of the following methods: Note: Round all numbers to the nearest two decimal places. (ii). UNITS-OF-PRODUCTION DEPRECIATION (4 marks) ........End of Year Year Units of Production Amt./Unit = Deprec Exp. Acc. Deprec. Carrying Amt

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