Question 1: Capital Assets (24 marks) On April 1, 2020, Evergreen purchased a tree grinding machine for $243,200. The machine was estimated to have a five-year useful life and an $39,200 residual value. The company has a December 31st year end. It was also estimated to have a total useful life of 12,000 hours. It is used for 1,600 hours in the year ended December 31, 2020, 3,000 hours in the year ended December 31, 2021, 2,900 hours in the year ended December 31, 2022, 2,000 hours in the year ended December 31, 2023, 2,000 hours in the year ended December 31, 2024 and 500 in the year ended December 31, 2025. Required: a. How much depreciation expense should Evergreen record in each of 2020 to 2025 under each depreciation method: straight-line, units of production, and double diminishing cost? Year Straight Line Method Production Method (round rate to Double Diminishing Balance Carrying Amount Depreciation Expense 2020 2021 2022 2023 2024 2025 2 decimal) (PARTIAL YEAR)