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please help? On Decenber 27, 2021. Sherldan Windows purchased a plece of equipment for 5103,000 The evlimated useful ate of the equipenent is either four
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On Decenber 27, 2021. Sherldan Windows purchased a plece of equipment for 5103,000 The evlimated useful ate of the equipenent is either four years or $0,000 units, with a residual value of 37000 . The compaty has a Deoember 31 fiscal year end and normally unes vtrid the dine depreciation. Management is cbenider ing the iteries of using the units-of-production or diminishing batance method of depreciation intead of the uraiaht-line methed. The actual rumbers of unvts produced by the equipenent were 9000 in 2022.16 .500 in 2025 and 23500 in 2024 . The covipment was sold on daraary 5,2025, for 315,000 (a) Cnitulae the depreciation for the equament for 2022 to 2024 under 1. the straigh-line methad 3. unitsof-prodoction (b) Culndate the cain or ios an ine sale of the equigment under e ictiof the threr nethods, (Enter nog allve amounh inily either a Oo December 27, 2021. Sheridan Windows purchased a piece of equipment foe 5103,000 . The chtenated usefurlife af the equipenent is elther four years or $0.000 unitk. whih a residual value of $7.000. The company has a December 31 fiscal year end and nor allily use. whaleht -fine depreciation. Management is comiderine the merits of using the units-of-production or diminishing-balance method of degreciation instead of the stral tht-line methed. The actual rumbers of units produced by the rquipment were 9,000 in 2022 . 16500 in 2023, and 23.500 in 2024, The equipment was sold on Jandary 5,2025 , far $15,000. (a) Calculate the deprociation for the equipment for 2022 to 2024 under 1. the straight-4ine method 2. the diminithing balance method, using a 40N rate: and 3. Units-of-production FFound detreciable amount per unit to 3 decimal ploces, es. 1.252 and the final answers to 0 declmal ploces, eg. 126J (b) Calculate the gala or loss on the sale of the equipment under each of the three methodxi IEnter negative omounts talng either a negothe sign preceding the number es 45 or porentheses es. (45)) On Decenber 27, 2021. Sherldan Windows purchased a plece of equipment for 5103,000 The evlimated useful ate of the equipenent is either four years or $0,000 units, with a residual value of 37000 . The compaty has a Deoember 31 fiscal year end and normally unes vtrid the dine depreciation. Management is cbenider ing the iteries of using the units-of-production or diminishing batance method of depreciation intead of the uraiaht-line methed. The actual rumbers of unvts produced by the equipenent were 9000 in 2022.16 .500 in 2025 and 23500 in 2024 . The covipment was sold on daraary 5,2025, for 315,000 (a) Cnitulae the depreciation for the equament for 2022 to 2024 under 1. the straigh-line methad 3. unitsof-prodoction (b) Culndate the cain or ios an ine sale of the equigment under e ictiof the threr nethods, (Enter nog allve amounh inily either a Oo December 27, 2021. Sheridan Windows purchased a piece of equipment foe 5103,000 . The chtenated usefurlife af the equipenent is elther four years or $0.000 unitk. whih a residual value of $7.000. The company has a December 31 fiscal year end and nor allily use. whaleht -fine depreciation. Management is comiderine the merits of using the units-of-production or diminishing-balance method of degreciation instead of the stral tht-line methed. The actual rumbers of units produced by the rquipment were 9,000 in 2022 . 16500 in 2023, and 23.500 in 2024, The equipment was sold on Jandary 5,2025 , far $15,000. (a) Calculate the deprociation for the equipment for 2022 to 2024 under 1. the straight-4ine method 2. the diminithing balance method, using a 40N rate: and 3. Units-of-production FFound detreciable amount per unit to 3 decimal ploces, es. 1.252 and the final answers to 0 declmal ploces, eg. 126J (b) Calculate the gala or loss on the sale of the equipment under each of the three methodxi IEnter negative omounts talng either a negothe sign preceding the number es 45 or porentheses es. (45)) Step by Step Solution
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