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Carla Vista Ltd. purchased a new machine on April 4,2020, at a cost of $176,000....

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Accounting

Carla Vista Ltd. purchased a new machine on April 4,2020, at a cost of $176,000. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,600 hours in 2020; 2,200 hours in 2021; 2,300 hours in 2022; 2,000 hours in 2023; and 1,900 hours in 2024. Carla Vista has a December 31 year end.
(a)
Your answer is partially correct.
Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, eg.275 and final answers to 0 decimal places, es.5,275.)
(1) Straight-line for 2020 through to 2024.
2020 expense $
2021 expense $
2022 expense $
2023 expense $
2024 expense $
(2) Diminishing-balance using double the straight-line rate for 2020 through to 2024.
\table[[2020 expense,],[2021 expense expense,],[2023 expense,$
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