View Policies Current Attempt in Progress On December 27, 2018, Blossom Windows purchased a piece of equipment for $106,000. The estimated useful life of the equipment is either three years or 50,000 units, with a residual value of $10,000. The company has a December 31 fiscal year end and normally uses straight-line depreciation Management is considering the merits of using the units of production or diminishing balance method of depreciation instead of the straight-line method. The actual numbers of units produced by the equipment were 10,300 in 2019,17,800 in 2020, and 20,900 in 2021. The equipment was sold on January 5, 2022, for $15,000. Calculate the depreciation for the equipment for 2019 to 2021 under 1. 2 3. the straight-line method the diminishing balance method, using a 40% rate; and units of production (Round depreciable amount per unit to 3 decimal places, e$. 1.252 ond the final answers to decimal places, es, 126) Depreciation Expense Diminishing-Balance Straight-Line Units of Production Question 19 of 19 - / 25 (Round depreciable amount per unit to 3 decimal places, eg. 1.252 and the final answers to decimal places, eg. 126.) Depreciation Expense Diminishing-Balance Straight-Line Units-of-Production 2019 $ 2020 2021 Calculate the gain or loss on the sale of the equipment under each of the three methods. (Enter negative amounts using either a negative sign preceding the number es -45 or parentheses es. (451) Gain (loss) on sale 1 Straight line 2. Diminishing balance $ 3. Unit-of-production $ Calculate the total depreciation expense plus the loss on sale (or minus the gain on sale under each of the three depreciation methods. Net Expense 1. Straight-line $ 2. Diminishing balance $ 3. Unit-of-production $