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Question - A machine that cost $388,300, with a four-year life and an estimated $40,000 residual value, was installed in Haley Company's factory on September 1, 2020. The factory manager estimated that the machine would produce 430,000 units of product during its life. It actually produced the following units: 2020, 20,100; 2021, 115,100; 2022, 105,700; 2023, 102,300; and 2024, 96,600. The company's year-end is December 31.
Required - Show the depreciation for each year and the total depreciation for the machine under each depreciation method calculated to the nearest whole month.
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