For years 2022 - 2025

On January 1, 2022, Sheridan Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $ 47,500. Related expenditures also paid in cash included: sales tax $ 3,550, shipping costs $ 200, insurance during shipping $50, installation and testing costs $ 70, and $ 100 of oil and lubricants to be used with the machinery during its first year of operations. Sheridan estimates that the useful life of the machine is 5 years with a $5,350 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. The recorded cost of this machine was $ 180,000. Sheridan estimates that the useful life of the machine is 4 years with a $ 20,400 salvage value remaining at the end of that time period. Machine B: (1) ) Sheridan uses the straight-line method of depreciation. (2) (3) Sheridan uses the declining-balance method. The rate used is twice the straight-line rate. Sheridan uses the units-of-activity method and estimates that the useful life of the machine is 105,000 units. Actual usage is as follows: 2022, 42,500 units; 2023, 30,500 units; 2024, 18,500 units; and 2025, 13,500 units. Depreciation Expense 2022 2023 2024 202 Straight- line method $ 39900 $ 39900 $ 39900 $ Declining- balance method $ ta $ $ $ $ Units-of- activity method $ ta $ $ $ $ $