Current Attempt in Progress

On April $22,2023,$ Blossom Enterprises purchased equipment for $$129,600.$ The company expects to use the equipment for $10,500$ working hours during its four$-$year life and that it will have a residual value of $$12,000.$ Blossom has a December $31$ year end and prorates depreciation to the nearest month. The actual machine usage was: $1,500$ hours in $2023$; $2,500$ hours in $2024$; $3,500$ hours in $2025$;$2,200$ hours in $2026$; and $1,000$ hours in $2027.$

$($a$1)$

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$.5,276..)$

Year

$2023$

$2024$

$2025$

$2026$

$2027$

Depr.

Rate

$\%$

$

$\%$

$\%$

$\%$

$\%$

Depr.

Expense

Accum. D