Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $337,900. On April 2, it paid $2,080 for delivery of the machine. A one-year, $4,200 insurance policy on the machine was purchased on April 5. On April 19, Sandhill paid $7,460 for installation and testing of the machine. The machine was ready for use on April 30. Sandhill estimates the machines useful life will be five years or 6,186 units with a residual value of $82,570. Assume the machine produces the following numbers of units each year: 976 units in 2021; 1,407 units in 2022; 1,383 units in 2023; 1,211 units in 2024; and 1,209 units in 2025. Sandhill has a December 31 year end.

Calculate the annual depreciation and total depreciation over the assets life using: (Round the depreciation cost per unit to 2 decimal places. Round answers to 0 decimal places, e.g. 5,275.)

FILEDS THAT ARE HIGHLIGHTED IN RED MEAN INCORRECT. SO PLEASE REPLACE THE VALUES BELOW.

FILEDS THAT ARE HIGHLIGHTED IN RED MEAN INCORRECT. SO PLEASE REPLACE THE VALUES BELOW.

Year Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying Amount 2021 $ 347753 $ 53037 $ 53037 $ 294716 2022 294716 53037 106074 241679 2023 241679 53037 159111 188642 2024 188642 53037 212148 135605 2025 135605 53037 265185 82568 2026 82568 53037 318222 29531 (2) Double-diminishing-balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount 2021 $ 351640 $ 140656 $ 140656 $ 210984 2022 210984 84394 225050 126590 2023 126590 50636 275686 75954 2024 75954 30382 306068 45572 2025 45572 18228 324297 27344 2026 27344 10938 335235 16406 (3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amount 2021 976 $ 42452.69 $ 42452.69 $ 226617.31 2022 2023 2024 2025 Which method causes net income to be lower in the early years of the asset's life? Units-of-Production Method Straight-Line Method Double-Diminishing-Balance Method Units-of-Production Method