Question $3($Total: $38$ marks$)$

Part I $(21$ marks$)$

On $8$ July $2022,$ Donkey Company bought a new multi$-$functional photocopier from Basic Company for $$1,300,000.$ The estimated useful life of the photocopier is $10$ years, with a residual value of $$40,000.$ The estimated output is $24,000$ hours. The year$-$end date of the Company is $31$ December.

The machine has been used for $1,200$ hours in Year $2022$ and $2,800$ hours in Year $2023.$

Required:

$($a$)$ Compute the depreciation expenses on this machine for the Year ${2022}_{?}$ and ${2023}_{?}$ respectively by using the following methods. Round the amount to the nearest dollar and show your workings:

$\backslash$table$[[,$Year $2022,$Year $2023],[($i$)$

$\backslash$table$[[$Straight$-$line $($to the nearest full$],[$month$)]],,],[($ii$)$

$\backslash$table$[[200\%$ declining balance $($with half$-],[$year convention$)]],,],[($iii$),$ Units$-$of$-$Output,,$]]$

$(18$ marks$)$

$($b$)$ On $1$ January $2024,$ the following additional expenditures were spent on this photocopier after it was put into service. After the upgrade, the useful life is extended from $10$ years to $12$ years and no residual value. Calculate the revised annual depreciation for the Year $2024$ if Donkey Company applies Straight$-$line depreciation method $($to the nearest full month$).$ Round your answer to integer.

$($i$)$ Maintenance services fee of $$3,000$ was paid to the Basic Company.

$($ii$)$ Upgrading the electronic panel of the photocopier for $$129,000$ to improve the printing efficiency.

$($iii$)$ Purchase a spare part for $$150$ to replace the old one.

$(3$ marks$)$