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Prepare a depreciation schedule for the life of the asset under the units-of-production method. Hint: For 2027 Depreciation Expense, limited to the amount that brings

Prepare a depreciation schedule for the life of the asset under the units-of-production method. Hint: For 2027 Depreciation Expense, limited to the amount that brings the carrying amount to the residual value given in the question data. On April 22, 2023, Crane Enterprises purchased equipment for $144,900. The company expects to use the equipment for 11,000 working hours during its four-year life and that it will have a residual value of $14,000. Crane has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2023; 2,600 hours in 2024; 3,500 hours in 2025; 2,800 hours in 2026; and 800 hours in 2027

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