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On April 22. 2023. Pharoah Enterprises purchased equipment for $134,700. The company expects to use the equigment for 12.000 working hours during its four-year life

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On April 22. 2023. Pharoah Enterprises purchased equipment for \$134,700. The company expects to use the equigment for 12.000 working hours during its four-year life and that it will hwe a residual value of $13.500. Pharoah has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,600 hours in 2023; 2,900 hours in 2024, 3,600 hours in 2025-3.000 haurs in 2026; and 1,100 hours in 2027. Prepare a depreciation schedule for the life of the asset under the double diminishing-balance method, (Round partial-period depreciation rate to 4 decimal palces, e. 15.2563% and other answers to 0 decimal ploces, eg. 5.276 . End of Year

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