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Current Attempt in Progress On April 22, 2023, Oriole Enterprises purchased equipment for $133.600. The company expects to use the equipment for 11.500 working
Current Attempt in Progress On April 22, 2023, Oriole Enterprises purchased equipment for $133.600. 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 $14,000. Oriole has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was 1.500 hours in 2023 2.800 hours in 2024: 3,500 hours in 2025: 2.800 hours in 2026 and 1.100 hours in 2027 (01) Prepare a depreciation schedule for the life of the asset under the straight-line method. (Mound partial period depreciation rate to 4 decimal palces ea 152563% and other answers to O decimal places, eg 5,276) Year Depreciable Amount Depr Rate End of Year Depr Expense Accum Depr Carrying Amount Question 3 of 7 (a2) Prepare a depreciation schedule for the life of the asset under the double diminishing-balance method. (Round partial-period depreciat and other answers to O decimal places, e.g. 5,276) Carrying Amount Year Beginning of Year 2023 119600 Depr. Depr. Accum. Rate Expense Depr
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