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Calculate the amount of depreciation expense that Sheridan should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, s. 12.25. Round final answers to decimal places, es 2,125) (1) Sheridan uses the straight-line method of depreciation Sheridan uses the declining balance method. The rate used is twice the straight-line rate. (3) 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. (2) Depreciation Expense 2021 2023 2024 20 $ $ Straight line method Declining balance method Units-of- activity method $ $ $ $ $ $ $ e Textbook and Media STOWA History Current Attempt in Progress 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. Machine B: The recorded cost of this machine was $180,000 Sheridan estimates that the useful life of the machine is 4 years with $2.000 vol remaining at the end of that time del