On April $22,2023,$ Sheridan Enterprises purchased equipment for $$136,200.$ The company expects to use the equipment for $12,000$ working hours during its four$-$year life and that it will have a residual value of $$15,000.$ Sheridan has a December $31$ year end and prorates depreciation to the nearest month. The actual machine usage was: $1,700$ hours in $2023$;$2,500$ hours in $2024$;$3,900$ hours in $2025$;$2,800$ hours in $2026$; and $1,300$ hours in $2027.$

$($a

Your answer is partially correct.

Prepare a depreciation schedule for the life of the asset under the straight$-$line method. $($Round partial$-$period depreciation rate to $4$ decimal palces, e$.$g$.15\mathrm{.}2563\%$ and other answers to $0$ decimal places, e$.$g$.5,276.)$

eTextbook and Media

Attempts: $2$ of $2$ used

$($a$2)$

Prepare a depreciation schedule for the life of the asset under the double diminishing$-$balance method. $($Round partial$-$period depreciation rate to $4$ decimal palces, e$.$g$.15\mathrm{.}2563\%$ and other answers to $0$ decimal places, e$.$g$.5,276.)$

Carrying Amount

Beginning of Year