Current Attempt in Progress Sheridan Limited purchased four articulated robots on account on May 1,2024, at an inwoice price of $536,000,0. May 2 , it paid $4,000 for delivery of the robots. A one-year, $5,500 insurance policy on the robots was purchased on May 3. On May 30, Sheridan paid $10,000 for assembly, installation and testing of each robot on a production line. The robots started operating or were ready for usc on July 1. Sheridan estimates the useful life of the robots will be four ycars or 9,600 units with a residual value of $100,000. Assume the robots collectively produce the following numbers of units each year: 1,500 units in 2024;2,500 units in 2025;2,300 units in 2026; 2,300 units in 2027; and 1,000 units in 2028. Sheridan has a December 31 vear end