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Application Problem 8-4A a On January 1, 2020, SugarBear Company acquired equipment costing $175,000, which will be depreciated on the assumption that the equipment will be useful for five years and have a residual value of $14,000. The estimated output from this equipment is as follows: 2020-17,000 units; 2021-23,000 units; 202230,000 units; 2023-28,000 units; 2024-17,000 units. 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. 15.25 and final answer to 0 decimal places, e.g. 125.) Units-of-production method depreciation per unit Year 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ iii. The double-diminishing-balance method Rate Year 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ Question Attempts: 0 of 1 used