Question: Question 2 of3 f 12 E View Policies Current Attempt in Progress Flounder Corp. purchased machinery for $717,000 on May 1. 2023. it is estimated

Question 2 of3 f 12 E View Policies Current Attempt in Progress Flounder Corp. purchased machinery for $717,000 on May 1. 2023. it is estimated that it will have a useful life of 10 years. residual value of $17,000. production of 560.000 units. and 35.000 working hours. The machinery will have a physical life of 15 years and a salvage value of $3,000. During 2024. Flounder used the machinery for 2,250 hours and the machinery produced 28,000 units. Flounder prepares nancial statements in accordance with lFRS. From the information given. calculate the depreciation charge for 2024 under each of the following methods. assuming Flounder has a December 31 year end. Calculate the depreciation charge for 2024 under straighteline method. Depreciation charge for 2024 $ eTextbook and Media Calculate the depreciation charge for 2024 under units of production method. {Round depreciation per output unit to 2 decimal places, ea. 5.27 and depreciation charge to 0 decimal places, as. 5.275.] Depreciation per output unit $ [output unit Depreciation charge for 2024 $ Question 2 of 3

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