Current Attempt in Progress

On January $1,2024,$ Carla Vista Mining Ltd$.$ purchased new mining equipment costing $$395,200,$ which will be depreciated on the assumption that the equipment will be useful for four years and have a residual value of $$29,700$ when the company is finished using it$.$ The estimated output from this equipment, in tonnes, is as follows: $2024-109,800$; $2025-31,900$; $2026-93,300$; $2027-57,400.$ The company is now considering possible methods of depreciation for this asset.

$($a$)$

Calculate what the depreciation expense would be for each year of the asset's life, if the company chooses:

i$.$ The straight$-$line method

Straight$-$line depreciation $

per year

ii$.$ The units$-$of$-$production method $($Round depreciation per unit to $2$ decimal places, e$.$g$.15\mathrm{.}25$ and depreciation expense to O decimal places, e$.$g$.125.)$

Units$-$of$-$production method depreciation $

per unit