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On April 22, 2023, Blossom Enterprises purchased equipment for $130,100. The company expects to use the equipment for 11,000 working hours during its four-year life

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On April 22, 2023, Blossom Enterprises purchased equipment for $130,100. 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 $8,000. Blossom has a December 31 year end and prorates deprechation to the nearest month. The actual machine usage was: 1,200 hours in 2023: 2,600 hours in 2024; 4,000 hours in 2025;2,500 hours in 2026; and 900 hours in 2027. (a1) Prepare a depreciation schedule for the life of the asset under the straight-line method. (Round portial-period depreciation rate to 4 decimal paices, e.g. 15.25638 and other answers to 0 decimal places, e.3. 5.276.) On April 22, 2023, Blossom Enterprises purchased equipment for $130,100, 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 $8.000. Blossom has a December 31 vear end and prorates depreclation to the nearest month. The actual machine usage was: 1,200 hours in 2023;2,600 hours in 2024:4,000 hours in 2025;2,500 hours in 2026 ; and 900 hours in 2027 ; (a1) Prepare a depreciation schedule for the life of the asset under the straight-line method, (Round partiol-period depreciation rate to 4 decimal palces, eg. 15,2563% and other answers to 0 decimal places, e.g. 5,276.1

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