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In recent years, Sheridan Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Residual Value Useful Life (in years) Machine Cost Depreciation Method Acquired Jan. 1, 2022 1 $101,000 $11,000 $ 5 Straight-line 2 July 1, 2023 85,000 10.410 5 Diminishing-balance 3 Nov. 1, 2023 70,290 6,570 6 Units-of-production For the diminishing-balance method, Sheridan Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 23,600. Actual hours of use in the first 3 years were: 2023, 440; 2024, 4,700; and 2025, 4,770. (a) Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places.eg. 5.20 and answers to the nearest whole dollar, eg 5.275. Do not leave any answer field blank. Enter for amounts.) Machine 1: Straight-line depreciation culation End of Year reciation Rate #of months Depreciation Expense Accumulated Depreciation Carrying Amount 20 % 12/12 $ 18.000 $ 18.000 $ 20 % 12/12 18.000 3.600 20 % 12/12 18.000 54,000 20 % % 12/12 18.000 72,000 20 % 12/12 18.000 90.000 Machine 2: Diminishing-balance depreciation Calculation Carrying Amount Beg. of Year Depreciation Rate # of months Depreciation Expense Year 2023 $ 90,000 40 % 6/12 $ 2024 40 % 12/12 2025 40 % 12/12 2026 40 % 12/12 2027 40 % 9/12 Machine 3: Units-of-production depreciation Calculation Units-of- Production Depreciation Cost/Unit Depreciation Expense Accumulated Depreciation Year 2023 S $ $ 2024 2025