Prepare depreciation schedule for the Machine: Diminishing-balance depreciation, with the following column heads; Year, Carrying amount beginning of year, depreciation rate, # of months, depreciation expense, accumulated depreciation and carrying amount.

In recent years, Crane 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. For the diminishing-balance method, Crane Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 22,010. Actual hours of use in the first 3 years were: 2026, 420; 2027, 4,750; and 2028, 5,060. Wildhorse Productions Ltd. purchased equipment on February 1, 2024, for $81,500. The company estimated the equipment would have a useful life of three years and produce 10,500 units, with a residual value of $16,400. During 2024 , the equipment produced 5,000 units. On October 31,2025 , the equipment was sold for $18,000; it had produced 4,500 units that year. (2) Double-diminishing-balance Date Account Titles and Explanation Debit Credit 2024 Feb. 1 Equipment 81500 Cash 81500 Dec. 31 Depreciation Expense Accumulated Depreciation - Equipment 2025 Oct. 31 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) Oct. 31 Cash 18000 Accumulated Depreciation - Equipment