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Current Attempt in Progress Sheridan Ltd purchased a new machine on April 4, 2017 at...

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Accounting

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Current Attempt in Progress Sheridan Ltd purchased a new machine on April 4, 2017 at a cost of $164.000. The company estimated that the machine would have a residual value of $14,000. The machine is expected to be used for 14800 working hours during its four yearlite Actual machine usage was 1,400 hours in 2017 2.100 hours in 2018: 2.400 hours in 2019.2.300 hours in 2020 and 2.000 hours in 2021. Sheridan has a December 31 year end Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, e 275 and final answers to decimal places, es. 5.275) (1) Straight line for 2017 through to 2021 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense 5 2021 expense $ (2) Diminishing balance using double the straight-line rate for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 opense $ 2021 expense $ (3) Units-of-production for 2017 through to 2021 2017 expense 5 2018 expense $ 2019 expense $ 2020 pense $ 2021 expense $

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