On April 22, 2020, Sandhill Enterprises purchased equipment for $138,700. The company expects to use the equipment for 11,500 working hours during its 4-year life and that it will have a residual value of $14,500. Sandhill has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2020; 3,000 hours in 2021; 3,600 hours in 2022; 2,600 hours in 2023; and 1,000 hours in 2024.

Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to O decimal places, e.g. 5,276.)

2021 $

2022 $

2023 $

2024 $

calculate depreciation under double diminishing method.

2020 $

2021$

2022$

2023$

2024$

calculate depreciation under double diminishing balace method

2020$

2021$

2022$

2023$

calculate depreciation in unit-of- production method

2020

2021

2022

2023

2024$

Which method results in the lowest profit over the life of the asset?

Double diminishing-balance method

Units-of-production method

Straight-line method

All methods have same total

Which method results in the least cash used for depreciation over the life of the asset?

Double diminishing-balance method

Straight-line method

All methods have no cash effect

Units-of-production method

urgent answer with exact amount

On April 22, 2020. Sandhill Enterprises purchased equipment for $138.700. The company expects to use the equipment for 11.500 working hours during its 4 year life and that it will have a residual valoe of $14.500.5 andhill has a Decenber 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2020,3,000 hours in 2021:3,600 hours in 2022: 2.600 hours in 2023; and 1.000 hours in 2024. Calculate depreciation expense for the life of the asset ander straight-line method. (Pound answers to 0 decimal plocec ess 5.276 ). Calculate depreciatian expense for the life of the asset under double diminishing balance method (flound answers to 0 dectinal places, e. 5,276j Calculate a depreciation experise for the sife of the asset under units-ot-production method. (Round onit rate to 2 decimol places es 225 and final answers to 0 decimal places, es. 5,276J Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 declinal ploces, es: 225 and final answers to 0 decinal places, e8. 5.276) Which method results in the lowest proft over the life of the asset? Which method results in the lowest profit over she life of the asset? Which method results in the least cashused for depreciation aver thk if of the asset