On January $1,2024,$ Pharoah Mining Ltd$.$ purchased new mining equipment costing $$332,320,$ which will be depreciated on the

assumption that the equipment will be useful for four years and have a residual value of $$25,500$ when the company is finished using

The estimated output from this equipment, in tonnes, is as follows: $2024-95,200$;$2025-32,800$;$2026-88,000$;$2027-50,800.$ Th

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 $0$ decimal

places, e$.$g$.125.)$

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

per unit

Year

Depreciation Expense

$2024$

$2025$$

$2026$$

$2027$$

iii. The double$-$diminishing$-$balance method

Rate

$\%$

Year

Depreciation Expense

$2024$

$

$2025$$

$2026$$

$2027$

$