Sheridan Limited purchased a machine on account on April 1, 2021. at an invoice price of 5374,390. On April 2. lt paid $1.940 for delivery of the machine. A one-year, 3.750 Insurance policy on the machine was purchased on April 5. on April 19. Sheridan paid $8,320 for installation and testing of the machine. The machine was ready for use on April 30. Sheridan estimates the machine's useful life will be five years or 6.256 units with a residual value of $74.750. Assume the machine produces the following numbers of units each year: 985 units in 2021:1546 units in 2022: 1.288 units in 2023: 1.352 units in 2024; and 1,085 units in 2025. Sheridan has a December 31 year end. i (1) Straight-line method Year Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying 2021 $ 309,900 $ 61.980 $ 61.980 $ 2022 309.900 61,980 123.960 2023 309,900 61.980 185.940 2024 309,900 61.980 247.920 2025 309.900 61.980 309.900 61.980 371 880322 2026 309.900 (2) Double-diminishing-balance method Year Opening Carrying Amount Depreciation Expense Accumulated Depreciation Carrying 2021 $ 2022 2023 IN 2024 2025 2026 (3) Units-of-production method Year Units-of-production Depreciation Expense Accumulated Depreciation Carrying A 2021 2022 2023 2024 2025 Which method causes net income to be lower in the early years of the asset's life