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Sandhill Co. purchased equipment on March 31, 2021, at a cost of $280,000. Management is considering the merits of using the diminishing-balance or units-of-production method of depreciation instead of the straight-line method, which it currently uses for other equipment. The new equipment has an estimated residual value of $8,000 and an estimated useful life of either four years or 80.000 units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following number of units each year: 14,800 units in 2021; 20,400 units in 2022; 19,800 units in 2023; 20,000 units in 2024; and 5,000 units in 2025. Sandhill has a December 31 year end. (a) Your answer is partially correct. preciation unit to 2 decimal places, eg. Prepare separate depreciation schedules for the life of the equipment using: (Round 5.28 and final answers to 0 decimal places, eg. 5,275.) Straight-line method: Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying Amount Year $ 280000 2021 $ 272.000 $ 51000 $ 51000 229000 272.000 2022 68000 119000 161000 2023 272.000 68000 187000 93000 272.000 68000 255000 2024 25000 272.000 2025 17000 272000 8000 2023 272,000 68000 187000 9300 2024 272.000 68000 255000 25000 2025 272.000 17000 27 2000 8000 Double-diminishing-balance method: Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying Amount ar $ 280000 21 S 280000 $ 105000 $ 105000 175000 22 175000 87500 192500 87500 23 87500 43750 266250 43750 24 43750 21875 258125 21875 25 21875 22 175000 87500 192500 87500 23 87500 43750 236250 43750 24 43750 21875 258125 21875 25 21875 Units-of-production method: Depreciation Expense Units-of-Production Year Accumulated Depreciation Carrying Amount $ 280000 2021 14800 $ $ 2022 20400 2023 19800 w 2024 20000 2025 5000