On April 22, 2020, Sheridan Enterprises purchased equipment for $136.400. The company expects to use the equipment for 12.000 working hours during its dyear life and that it will have a residual value of 514,000 Sheridana Dember a year end and pro rates depreciation to the nearest month. The actual machine gew: 1400 hours in 2020: 2.900 hours in 2021, 3700 hours in 2022: 2.900 hours to 2023 and 1.100 hours in 2024 Calculate depreciation expense for the life of the asset under straight line method and ontwers to decine poses 5.276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 5 2024 $ Calculate depreciation expense for the life of the asset under double diminishing balance method, Round answers to decimal places eg 5.276) Desireciation Experte 2020 $ 2021 5 2022 5 2023 $ Calcule depreciation expense for the life of the students of production method Round unstrate to 2 decimal places 3.2.25 and final answers to decimal places es 5.276) Depreciation bene 2020 Calculate a depreciation expers for the life of these under units of production method. Round unit rate to 2 decimal places eg 2.25 and final answers to decimal places. 5.276) Depreciation Expense 2020 2021 $ 2022 $ 2023 $ 2024 5 Which method results in the lowest proht over the life of the Which method results in the lowest profit over the life of the asset? Which method results in the least cashed for depreciation over the life of the asset? On April 22, 2020, Sheridan Enterprises purchased equipment for $136,400. The company expects to use the equipment for 12000 working hours during its 4-year life and that it will have a residual value of $14.000. Sheridan has a December 31 year end and pro- rates depreciation to the nearest month. The actual machine usage was: 1,600 hours in 2020, 2.900 hours in 2021; 3,700 hours in 2022:2,900 hours in 2023; and 1,100 hours in 2024. Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, es 5.276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ Calculate depreciation expense for the life of the asset under double diminishing balance method (Round answers to decimal places, s. 5,276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ Calculate a depreciation expense for the life of the asset under units of production method. (Round unit rate to 2 decimal places, eg. 2.25 and final answers to decimal places, e3.5,276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ Which method results in the lowest profit over the life of the asset? Which method results in the least cash used for depreciation over the life of the net
