Question 52 Blossom Ltd. purchased a new machine on April 4, 2014 at a cost of $160,000. The company estimated that the machine would have a residual value of $14,000. The machine is expected to be used for 10,000 working hours during its four year . Actual machine age was 1,600 hours in 2014 2.400 hours in 2015 2.200 hours in 2016: 2,000 hours in 20 and 1,800 hours in 2018. Blossom has a December 31 year end. decimal places, Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places... 2.75 and final answers to 0.5.225) (1) Straight-line for 2014 through to 2018, 2014 expenses 2015 expense 2016 expense 2017 expenses 2018 expense (2) Diminishing-balance using double the straight line rate for 2014 through to 2018 2014 expenses 2015 expenses 2016 expense 2014 expense 2015 expense 2016 expense 2017 expense 2018 expense Which method results in the highest depreciation expense over the life of the asset? Highest net Income? Highest cash flow? Which method results in the highest net income? Which method results in the highest cash flow