During $2023,$ Suburban General Hospital, a not$-$for$-$profit entity, acquires a new CT scan machine for $$280,000.$ The machine has a useful life of $4$ years and no salvage value. For external financial reporting purposes, the hospital recognizes depreciation using the straight$-$line method. However, the third$-$party payer, Highmark Blue Shield, requires reimbursement to the hospital using the double$-$declining balance $($DDB$)$ method of depreciation. It is both the hospital's policy and the third party payer's policy to recognize a full year of depreciation in the year of acquisition. Using good form, record the journal entries related to this piece of equipment to recognize the anticipated third party reimbursement for $2023,2024,2025$ and $2026.$ Depreciation Formulas:

Straight$-$Line: $($Cost $-$ Salvage Value$)/$ Useful Life $=$ Annual Depreciation

DDB: $($Cost $-$ Accumulated Depreciation$)$ x $(2/$ Useful Life$)=$ Current Year's Depreciation

Note: When using DDB depreciation, the asset must be fully depreciated by the end of the useful life. Therefore in the last year $($i$.$e$.,$ year $4),$ recognize all remaining depreciation.