On January 2, Gillette Co. purchases and installs a new machine costing $360,000 with a...

On January 2, Gillette Co. purchases and installs a new machine costing $360,000 with a five-year life

and an estimated $33,000 salvage value. Management estimates the machine will produce 2,180,000 units

of product during its life. Actual production of units is as follows: year 1, 425,000; year 2, 452,000; year 3,

445,000; year 4, 438,000; and year 5, 441,000. The total number of units produced by the end of year 5

exceeds the original estimate—this difference was not predicted. (The machine must not be depreciated

below its estimated salvage value.)

Required

Prepare a table with the following column headings and compute depreciation for each year (and total

depreciation of all years combined) for the machine under each depreciation method.