On April 22, 2023, Cullumber Enterprises purchased equipment for $143,500. The company expects to use the equipment for 12,500working hours during its four-year life and that it will have a residual value of $13,500. Cullumber has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 2,000 hours in 2023; 3,000 hours in 2024; 3,600 hours in 2025; 2,700 hours in 2026; and 1,400 hours in 2027.

(a1)

Prepare a depreciation schedule for the life of the asset under the straight-line method. (Round partial-period depreciation rate to 4 decimal palces, e.g. 15.2563% and other answers to 0 decimal places, e.g. 5,276.)

								End of Year
Year		Depreciable Amount		Depr. Rate	=	Depr. Expense		Accum. Depr.		Carrying Amount
2023		$enter a dollar amount rounded to 0 decimal places		enter percentages rounded to 4 decimal places %		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places
2024		enter a dollar amount rounded to 0 decimal places		enter percentages rounded to 4 decimal places %		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
2025		enter a dollar amount rounded to 0 decimal places		enter percentages rounded to 4 decimal places %		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
2026		enter a dollar amount rounded to 0 decimal places		enter percentages rounded to 4 decimal places %		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
2027		enter a dollar amount rounded to 0 decimal places		enter percentages rounded to 4 decimal places %		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places