$20$ Lab $2-$ Ch$.9$

Question $3$ of $8$

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On April $22,2023,$ Cullumber Enterprises purchased equipment for $$130,300.$ The company expects to use the equipment for $11,500$ working hours during its four$-$year life and that it will have a residual value of $$13,000.$ Cullumber has a December $31$ year end and pro$-$rates depreciation to the nearest month. The actual machine usage was: $1,500$ hours in $2023$; $2,500$ hours in $2024$; $4,000$ hours in $2025$;$2,600$ hours in $2026$; and $1,100$ hours in $2027.$

$(a1)$ Prepare a depreciation schedule for the life of the assset under the double diminishing balance method. $($Round partial period depreciation rate to $4$ decimal places$)$