West Point Lighthouse Corporation purchased equipment on September 1, 2019 for $420,000 cash. The equipment had an expected useful life of four years or 475,000 units of products with a residual value of $40,000. West Point Lighthouse Corporations year end is December 31.

Required: Calculate the depreciation expense for the fiscal years 2019, 2020, 2021, 2022 and 2023 by completing the schedule shown below. If you don't want to use the response template shown below then create your own file and upload it in the area at the bottom of the screen.

Show all of your calculations. Round amounts to the nearest whole dollar. Note: For the years 2019, 2020, 2021, 2022 and 2023 assume units produced were 21,400, 122,400, 119,600, 118,200 and 102,000 respectively.

Depreciation Method Year Straight-line Double-declining balance Units-of-produc 2019 2020 2021 2022 2023 Totals Depreciation Method Double-declining balance Units-of-production n