At April 30, 2017, Hackney Building Products’ year-end, the balance sheet showed PPE information as detailed in the schedule below. The company calculates depreciation for partial periods using the halfyear convention.

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Date of Description Purchase Equipment Oct. 3/14 Machinery Oct. 28/14 Tools Nov. 3/14 Cost Information Depreciation Method Straight-line Units-of- production Double- declining- balance Cost¹ $62,400 540,000 64,000 Residual Life $ 16,800 20 yr. 180,000 100,000 units 5 yr. 15,000 Balance of Accum. Deprec. Dec. 31, 2017 Depreciation Depreciation Expense for 2018 1 There have been no disposals or subsequent capital expenditures since the date of purchase. ² Actual units produced were (for years ended April 30): 2015, 940; 2016, 10,150; 2017, 9,280; 2018, 10,590. Balance of Accum. Deprec. Dec. 31, 2018