Maynard Timber Supplies Ltd operates three different types of machinery. Management has reviewed the nature of each item of machinery and has chosen the depreciation method which best represents the machinery usage within the entity. The table below presents relevant information for each item of machinery. Ignore GST.

Use of equipment type 2 was 7 000 hours in the year ended 30 June 2023; 14 800 hours in 2024; 15 400 hours in 2025 and 17 200 in 2026.
Required Assuming the financial year ends on 30 June and that depreciation is recorded to the nearest month, calculate the depreciation charges for 2023, 2024, 2025 and 2026 by preparing a schedule with the following headings:

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Equipment Date Residual Cost Useful Life Depreciation Method Acquired Value 1 1/7/2022 $143 100 $15 000 2 1/1/2023 160 000 18 500 10 years 100 000 hours Diminishing Balance Production units 3 15/3/2023 51 250 9 500 6 years Straight-line