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Sarasota Manufacturing purchased a machine on January 1, 2020 for use in its factory. Sarasota paid $498,000 for the machine and estimated that it had
Sarasota Manufacturing purchased a machine on January 1, 2020 for use in its factory. Sarasota paid $498,000 for the machine and estimated that it had a useful life of 10 years, at the end of which time the machine was expected to have a residual value of $50,000. During its life, the machine was expected to produce 280,000 units. During 2020, the machine produced 31,000 units, and produced 45,000 in 2021. The machine was subject to a 20% CCA rate, and Sarasota's year-end was December 31. Calculate the annual depreciation amount for 2020 and 2021 under the straight-line method. 2020 2021 ta ta Annual depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the activity method. (Round per unit value to 2 decimal places e.g. 5.75 and final answers to 0 decimal places, e.g. 5,275.) 2020 2021 $ ta $ Annual depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the double-declining balance method. 2020 2021 $ $ $ $ Annual depreciation amount Calculate the annual depreciation amount for 2020 and 2021 under the capital cost allowance method. 2020 2021 $ $ Annual depreciation amount
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