Problem 9-4A a-b (Part Level Submission) Blossom Company purchased equipment on March 27, 2018, at a cost of $272,000. Management is contemplating the merits of using the diminishing-balance or units-of-production method of depreciation instead of the straight line method, which it currently uses for other equipment. The new equipment has an estimated residual value of $8,000 and an estimated useful life of either four years or 80,000 units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following number of units each year: 14,200 units in 2018; 20,400 units in 2019; 20,400 units in 2020; 20,000 units in 2021; and 5,000 units in 2022. Blossom has a December year end (e). Your answer is partially correct. Try again Prepare separate depreciation schedules for the life of the equipment using: (Round depreciation per unit to 2 decimal places, e.g. 5.28 and final answers to 0 decimal places, e.g. 5,275.) Straight-line method: Depreciable Depreciation Accumulated Carrying Expense Depreciation Amount Year Cost $272,000 2018 s49,500 49,500 222,500 $1264,000 2019 214,500 115,500 156,500 166,000 2020 148,500 T181,500 65,000 190,500 2021 82,500 1247,500 55,000 T24,500 2022 16,500 S,000 1264,000 T16,500 Double-diminishing-balance method: Opening Carrying Amount Carrying Depreciation Expense Accumulated Year Depreciation Amount $272,000 X 132,000 132,000 140,000 2018 $272,000 $ X 2019 140,000 66,000 74,000 198,000 X X 2020 74,000 231,000 33,000 41,000 2021 41,000 16,500 247,500 24,500 2022 24,500 16,500 T264,000| 8,000