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Twilight Manufacturing's property, plant and equipment records reveal the following information: Equipment Cost Residual Value Purchase Date Depreciation Method Estimated Useful Life Units Produced in

Twilight Manufacturing's property, plant and equipment records reveal the following information:

Equipment

Cost

Residual Value

Purchase Date

Depreciation Method

Estimated Useful Life

Units Produced in 2014

(1)

60,000

12,000

December 1, 2019

Straight Line

5 years

2,000

(2)

70,000

8,000

October 18, 2020

Units of Production

50,000 units

5,000

(3)

130,000

-

June 12, 2020

Double Declining Balance

10 years

6,000

(4)

100,000

10,000

May 3, 2020

Straight Line

8 Years

8,000

Calculate the depreciation expense for each equipment item for the year ended December 31, 2020, using the nearest whole month method.

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