On January $1,2024,$ Sheffield Company, a small machine$-$tool manufacturer, acquired for $$2,240,000$ a piece of new industrial equipment. The new equipment had a useful life of $5$ years, and the salvage value was estimated to be $$87,500.$ Sheffield estimates that the new equipment carforoduce $19,300$ machine tools in its first year. It estimates that production will decline by $1,040$ units per year over the remaining useful life of the equipment.

The following depreciation methods may be used: $(1)$ straight$-$line, $(2)$ double$-$declining$-$balance, $(3)$ sum$-$of$-$the$-$years'$-$digits, and $(4)$ units$-$of$-$output. For tax purposes, the class life is $7$ years. Use the MACRS tables for computing depreciation.

$($a$1)$

Compute accumulated depreciation under the following methods: $(1)$ straight$-$line, $(2)$ double$-$declining$-$balance, $(3)$ sum$-$of$-$the$-$years'$-$digits, and $(4)$ unitsof$-$output for the $3-$year period ending December $31,2026.$ Ignore present value, income tax, and deferred income tax considerations. $($Round cost per unit to $2$ decimal places, e$.$g$.25\mathrm{.}12$ and final answers to $0$ decimal places, e$.$g$.5,125.)$

Accumulated Depreciation

Methods

$2024$

$2025$

$2026$