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Q Ltd. bought a new machinery on July 01, 2015 for $72,000. The machinery is expected to have a useful life of 8 years, after

Q Ltd. bought a new machinery on July 01, 2015 for $72,000. The machinery is expected to have a useful life of 8 years, after which, it will be scrapped for $3,500. On August 01, 2016, the company bought a new machinery and following costs were incurred on it: Purchase price$ 480,000 Non-refundable taxes $ 72,000 Delivery charges $ 25,000 Transporation insurance $ 6,500 Installation charges $ 3,200 Test run charges $ 800 Maintainance contract for further 3 years $ 12,000 The estimated useful life of the machinery is 13 years, and the salvage value is expected to be $18,500. During the year 2019, the company re-estimated the expected life of the machincery bought on July 01, 2015, and the number was revised to 11 years. The company bought a new machinery in the year 2020 for $63,000. The machinery was expected to produce a total of 130,000. The machinery was used to produced 23,000 units during the year 2020, 38,400 units during the year 2021, 58,200 in 2022, and 10,600 in 2023. In the year 2022, the company revised the salvage value of the machinery bought on August 01, 2016 from $18,500 to $21,300. Prepare the depreciation chart from 2015 to 2023 assuming that the company's fiscal year end is December 31.

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