View Policies Show Attempt History Current Attempt in Progress Blossom Limited purchased a machine on account on April 1, 2021, at an invoice price of $353,960. On April 2, it paid $1,970 for delivery of the machine. A one-year, $3,890 insurance policy on the machine was purchased on April 5. On April 19, Blossom paid $7,310 for installation and testing of the machine. The machine was ready for use on April 30. Blossom estimates the machine's useful life will be five years or 6,294 units with a residual value of $87,390. Assume the machine produces the following numbers of units each year: 993 units in 2021; 1,558 units in 2022; 1,461 units in 2023; 1,193 units in 2024; and 1,089 units in 2025. Blossom has a December 31 year end. Calculate the annual depreciation and total depreciation over the asset's life using: (Round the depreciation cost per unit to 2 decimal places. Round answers to 0 decimal places, e.g. 5,275.) (1) Straight-line method Year Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying An 2021 $ 367130 ta $ ta ta 2022 55948 2023 2024 II 2025 2026 (2) Double-diminishing-balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying An 2021 ta $ 2022 2023 2024 NOTE 2025 TUNE 2026 (3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amo 2021 $ ta $ 2022 INI 2023 IN 2024 2025 Which method causes net income to be lower in the early years of the asset's life