Part I (18 marks) Vou Ltd purchased a professional coffee blender machine on 3 June 2019 at a cost of $240,000 with a residual value of $40,000. The companys year-end date is 31 December. The estimated useful life of this machine was ten years. It is estimated that it can process 4,000 kilograms (kgs) of coffee beans over its useful life.

Compute the annual depreciation expense of the blender machine in 2019 and 2020 respectively by using the following methods (show your workings):

(i) Straight-line method (with half-year convention); and

(ii) 200%-declining balance (with depreciation calculated to the nearest whole month); and

(iii) Units-of-output method (processed 300 kgs and 400 kgs of coffee beans in 2019 and 2020 respectively).