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On April 2 2 , 2 0 2 3 , Crane Enterprises purchased equipment for $ 1 3 0 , 7 0 0 . The

On April 22,2023, Crane Enterprises purchased equipment for $130,700. The company expects to use the equipment for 11,000 working hours during its four-year life and that it will have a residual value of $13,000. Crane has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,600 hours in 2023; 2,500 hours in 2024; 3,700 hours in 2025; 2,500 hours in 2026; and 900 hours in 2027.(a2) repare a depreciation schedule for the life of the asset under the double diminishing-balance method.

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