Sheridan Limited purchased a machine on September 1, 2024, at a cash price of $182,000. On September 3, it paid $1,300 for delivery of the machine. A one-year, $1,800 insurance policy on the machine was purchased on September 6. On September 20, Sheridan paid $7,500 for installation and testing of the machine. The machine was ready for use on September 30. Sheridan estimates the machine's useful life will be four years, or 45,000 units, with no residual value. Assume the equipment produces the following number of units each year: 2,000 units in 2024; 10,000 units in 2025; 9,500 units in 2026; 9,000 units in 2027; and 14,500 units in 2028. Sheridan has a December 31 year end. (a) Your answer is correct. Determine the cost of the machine. Cost of the machine $ 190800 Calculate the annual depreciation and the total depreciation over the asset's life using the: (Round the depreciation cost per unit to 2 decimal places, eg 25.50 and final answers to O decimal places, e.g. 5,275.) (1) Straight-line depreciation Year 2024 2025 2026 2027 2028 $ 69 Depreciable Amount Depreciation Expense Accumulated Depreciation Carrying Ai $ $ $ Depreciation Expense Accumulated Depreciation Carrying Amoun $ (2) Double-diminishing-balance depreciation Opening Carrying Amount $ $ $ 69 (3) Units-of-production depreciation Year 2024 2025 2026 2027 2028 Units-of-Production $ Depreciation Expense Accumulated Depreciation Carrying An $ $ Which method causes net income to be lower in the early years of the asset's life?