Wildhorse Ltd. purchased a new machine on April 4, 2014, at a cost of $172,800. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 9,000 working hours during its four-year life. Actual machine usage was 1,300 hours in 2014: 2,000 hours in 2015; 2,100 hours in 2016; 1,900 hours in 2017 and 1.700 hours in 2018. Wildhorse has a December 31 year end. (a) Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e.g. 2.75 and final answers to O decimal places, e.g. 5,275) (1) Straight-line for 2014 through to 2018. 2014 expense $ 2015 expense $ 2016 expense $ 2017 expense $ 2018 expense $ (2) Diminishing-balance using double the straight-line rate for 2014 through to 2018. 2018 expense $ (2) Diminishing-balance using double the straight-line rate for 2014 through to 2018. 2014 expense $ 2015 expense $ 2016 expense $ 2017 expense $ 2018 expense $ (3) Units-of-production for 2014 through to 2018. 2014 expense $ 2015 expense $ 2016 expense $ 2017 expense $ 2018 expense $ Toythm and Media X Your answer is incorrect. Which method results in the highest depreciation expense over the life of the asset? Highest net income? Highest cash flow? Straight-line method Which method results in the highest net income? Straight-line method Which method results in the highest cash flow? Straight-line method Diminishing-balance method Units-of-production method All three methods are the same No Impact Attempts: 1 of 3 used Submit A