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PRINTER VERSION BACK NE Application Problem 8-6A a-b (Part Level Submission) A machine that produces cellphone components is purchased on January 1, 2020, for $182,000.

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PRINTER VERSION BACK NE Application Problem 8-6A a-b (Part Level Submission) A machine that produces cellphone components is purchased on January 1, 2020, for $182,000. It is expected to have a useful life of four years and a residual value of $14,000. The machine is expected to produce a total of 200,000 components during its life, distributed as follows: 40,000 in 2020, 50,000 in 2021, 60,000 in 2022, and 50,000 in 2023. The company has a December 31 year end. (a) Calculate the amount of depreciation to be charged each year, using each of the following methods: i. Straight-line method Straight-line method depreciation 42000 per year ii. Units-of-production method (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.) Units-of-production method depreciation per unit Year 2020 2021 2022 2023 iii. Double-diminishing-balance method Rate Year 2020 2021 2022 2023

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