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please show calculations 8) On April 1, 2022, Assissippi Ski Resort purchased a used snow grooming machine for $140,000. Assissippi's management estimates the machine's useful
please show calculations 8) On April 1, 2022, Assissippi Ski Resort purchased a used snow grooming machine for $140,000. Assissippi's management estimates the machine's useful life at three years or 3,000 hours, with a residual value of $12,000. Assissippi used the machine for 900 hours in the year ended March 31, 2023; 1,000 hours in the year ended March 31, 2024 and 1,100 hours in the year ended March 31, 2025. Required (12 marks): Determine the depreciation expense that Assissippi will record under each depreciation method for each of 2023, 2024 and 2025: a) Straight-line b) Declining balance using the double-declining balance method c) Units of production
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