Question: Solve using the same format as the excel graph shown below the problem. Round to nearest whole dollar as the question states. Thanks! Problem 2
Solve using the same format as the excel graph shown below the problem. Round to nearest whole dollar as the question states. Thanks!


Problem 2 - Calculating Depreciation by Three Methods Required: Bucker Company purchased a fabrication machine on January 1, 2020 for $55,000. The machine is expected to have an estimated useful of 5 years or 100,000 units produced. The machine is expected to have a residual value of $5,000 after the five years of use. a. Calculate the amount of depreciation each year using the straight-line method. b. Calculate the depreciation each year using the units-of-production method given the following usage: 2020: 22,000 units; 2021: 23,000 units; 2022: 21,000 units; 2023: 19,000 units; 2024: 15,000 units c. Calculate the depreciation each year using the double-declining balance method. d. Which of the three methods results in the lowest net income for 2021 ? e. Which of the three methods resuls in the lowest net income for 2024? Note: round all final answers to the nearest whole dollar a. Calculate the amount of depreciation each year using the straight-line method. b. Calculate the depreciation each year using the units-of-production method given the following usage: 2020: 22,000 units; 2021: 23,000 units; 2022: 21,000 units; 2023: 19,000 units; 2024: 15,000 units c. Calculate the depreciation each year using the double-declining balane method. d. Which of the three methods results in the lowest net income for 2021 ? e. Which of the three methods resuls in the lowest net income for 2024
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