Year Depreciation Expense

$2024$$

$2025$$

$2026$ $

$2027$ $

$2028$ $

iii. The double$-$diminishing$-$balance method Question $\frac{?}{{?}_{?}}$ ot $\frac{?}{{?}_{?}}$

$[$ Rate $],[$ Year $,$ Depreciation Expense $],[2024,$$$],[2025,$$$],[2026,$$$],[2027,$$$],[2028,$ eTextbook and Media $]$curremt Atsempt in rrogress

On January $1,2024,$ Crane 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:

$2024-17,000$ units; $2025-23,000$ units; $2026-30,000$ units; $2027-28,000$ units; $2028-17,000$ 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$.15\mathrm{.}25$ and depreciation expense to

$0$ decimal places, e$.$g$.125.)$

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

per unit