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  3. on april 22, 2023, oriole enterprises purchased eq

On April 22, 2023, Oriole Enterprises purchased equipment for $133,600. The company expects to use...

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Accounting

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On April 22, 2023, Oriole Enterprises purchased equipment for $133,600. The company expects to use the equipment for 11,500 working hours during its four-year life and that it will have a residual value of $14,000. Oriole has a December 31 year end and prorates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2023;2,800 hours in 2024;3,500 hours in 2025;2,800 hours in 2026 ; and 1,100 hours in 2027. Prepare a depreciation schedule for the life of the asset under the double diminishing-balance method. (Round p depreciation rate to 4 decimal palces, e.g. 15.2563% and other answers to 0 decimal places, e.g. 5,276. End of Year Carrying Amount $ $

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