Please help me solve this step by step, thank you! In recent years, Crane Corporation has purchased

Please help me solve this step by step, thank you!

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In recent years, Crane Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Residual Value Useful Life (in years) Depreciation Method 1 Jan. 1,2025 $97,500 $11,300 5 Straight-line 2 July 1, 2026 81,250 9,470 5 Diminishing-balance 3 Nov. 1, 2026 59,204 6,380 6 Units-of-production For the diminishing-balance method, Crane Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 22.010. Actual hours of use in the first 3 years were: 2026, 420; 2027.4,750; and 2028, 5,060. (a) Your answer is partially correct. Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places, e.g. 5.20 and answers to the nearest whole dollar, eg. 5,275. Do not leave any answer field blank. Enter O for amounts.) Machine 1: Straight-line depreciation Depreciable Year Cost 2025 $ 97,500 2026 Calculation Depreciation Rate # of Months 20 % 12/12 97,500 20 % 12/12 SA Depreciation Expense Accui Depr 19,500 19,500 2027 97,500 20 % 12/12 v 19,500 2028 97,500 20 % 12/12 19,500 In recent years, Crane Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Residual Value Useful Life (in years) Depreciation Method 1 Jan. 1,2025 $97,500 $11,300 5 Straight-line 2 July 1, 2026 81,250 9,470 5 Diminishing-balance 3 Nov. 1, 2026 59,204 6,380 6 Units-of-production For the diminishing-balance method, Crane Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 22.010. Actual hours of use in the first 3 years were: 2026, 420; 2027.4,750; and 2028, 5,060. (a) Your answer is partially correct. Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places, e.g. 5.20 and answers to the nearest whole dollar, eg. 5,275. Do not leave any answer field blank. Enter O for amounts.) Machine 1: Straight-line depreciation Depreciable Year Cost 2025 $ 97,500 2026 Calculation Depreciation Rate # of Months 20 % 12/12 97,500 20 % 12/12 SA Depreciation Expense Accui Depr 19,500 19,500 2027 97,500 20 % 12/12 v 19,500 2028 97,500 20 % 12/12 19,500