Sheridan Company purchased equipment on account on September 3, 2022, at an invoice price of $197,000. On September 4, 2022, it paid $5,000 for delivery of the equipment. A one-year, $1,980 insurance policy on the equipment was purchased on September 6, 2022. On September 20, 2022, Sheridan paid $3,000 for installation and testing of the equipment. The equipment was ready for use on October 1, 2022. Sheridan estimates that the equipment's useful life will be four years, with a residual value of $14,500. It also estimates that, in terms of activity, the equipment's useful life will be 95,250 units. Sheridan has a September 30 fiscal year end. Assume that actual usage is as follows:

# of Units		Year Ended September 30
15,570		2023
23,870		2024
20,170		2025
36,540		2026

Prepare depreciation schedules for the life of the asset under the following depreciation methods:

1.		straight-line
2.		double diminishing-balance, assuming a rate of 50%
3.		units-of-production

(Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to 0 decimal places, e.g. 5,276.) 1. STRAIGHT-LINE DEPRECIATION

Year		Depreciable Amount		Depr. Rate		=	Depr. Expense	Accum. Depr.	Carrying Amount
2023		$enter a dollar amount		enter percentages	%		$enter a dollar amount	$enter a dollar amount	$enter a dollar amount
2024		enter a dollar amount		enter percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2025		enter a dollar amount		enter percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2026		enter a dollar amount		enter percentages	%		enter a dollar amount	enter a dollar amount

2. DOUBLE DIMINISHING-BALANCE DEPRECIATION

									End of Year
Year		Carrying Amount Beginning Of Year		Depr. Rate		=	Depr. Expense		Accum. Depr.	Carrying Amount
2023		$enter a dollar amount		enter percentages	%		$enter a dollar amount		$enter a dollar amount	$enter a dollar amount
2024		enter a dollar amount		enter percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2025		enter a dollar amount		enter percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2026		enter a dollar amount		enter percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount

3. UNITS-OF-PRODUCTION

								End of Year
Year		Units of Production		Depr. Amt/Unit	=	Depr. Expense		Accum. Depr.	Carrying Amount
2023		enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	$enter a dollar amount
2024		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount	enter a dollar amount
2025		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount	enter a dollar amount
2026		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount	enter a dollar amount