VIEW POLICIES Show Attempt History Current Attempt in Progress Pharoah Limited purchased a machine on account on April 1, 2021, at ap invoice price of $ 374.920. On April 2, it paid $ 1,930 for delivery of the machine. A one-year $ 3,980 insurance policy on the makine was purchased on April 5. On April 19, Pharoah paid $ 7,240 for installation and testing of the machine. The machine was ready for use on April 30. Pharoah estimates the machine's useful life will be five years or 6,143 units with a residual value of $ 74 A60. Assume the machine produces the following numbers of units each year: 905 units in 2021, 1,484 units in 2022; 1.279 units in 2023. 1,345 units in 2024 and 1,130 units in 2025. Pharoah has a December 31 year end. (a) Your answer is correct Determine the cost of the machine Cost of the machine 364090 (b) Your answer is partially correct. 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 decimal places, es 5.275.) (1) Straight-line method Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying Amount 309630 41284 41284 342006 309630 103210 280880 309630 165136 218954 309630 227062 157028 288988 95102 309630 309630 74460 309630 20642 minilo diminishing-halance method (2) Double-diminishing-balance method ning Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount 384090 102424 102424 $ 281666 281666 112666 215090 169000 169000 67600 282690 101400 101400 26940 309630 2440 74460 309630 74400 74460 309630 74480 (3) Units of production method Units-of-production Depreciation Expense Accumulated Depreciation Carrying Amount 905 1484 1279 1345 309630 74460 1130