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On April 22, 2023, Sandhill Enterprises purchased equipment for $138,700. The company expects to use the equipment for 11,500 working hours during its four-year life

On April 22, 2023, Sandhill Enterprises purchased equipment for $138,700. The company expects to use the equipment for 11,500 working hours during its four-year life and that it will have a residual value of $14,500. Sandhill has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2023; 3,000 hours in 2024; 3,600 hours in 2025; 2,600 hours in 2026; and 1,000 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.) Year 2023 2024 2025 2026 2027 $ Depreciable Amount Depr. X Rate % % % % % $ Depr. Expense $ Accum. Depr. End of Year Carrying Amount
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On Aprit 22.2023.5andha Enterpeises purchased equipment for 3138 , 700. The compary apects to une the equipment for 11,500 workints hours during its four vear iffe and that itwal heve a reviduat value of $14,500. Sondhil has a December 31 veur end and pro-rates depreciation to the nearest reonth. The aktubl muchine usage wan: 1,500 hours in 2023,3,000 hours in2024, 3600 hour in 2025;2,600 hours in 2026 ; and 1,000 hours in 2027 ; (a1) ploces, es, 5.276 Your answer is partially correct. Prepare a depreciation schedule for the life of the asset under the straight-line method. (Round partial-period depreciation rate to 4 decimal palces, eg. 15.2563\% and other answers to 0 decimal places, eg. 5,276.)

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