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In recent years

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In recent years. Sheridan Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Residual Value Useful Life (in years) Machine Cost Acquired 1 Jan. 1, 2022 $101.700 $10.900 5 Depreciation Method Straight-line Diminishing-balance Units-of-production N July 1, 2023 77,500 9,170 5 3 Nov. 1, 2023 65,829 5,960 6 For the diminishing-balance method, Sheridan Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 26,030. Actual hours of use in the first 3 years were: 2023, 410:2024.4,940; and 2025,5.440. (a) (b) Your answer is incorrect. If Machine 2 was purchased on October 1 instead of July 1, what would be the depreciation expense for this machine in 2023? In 2024? Depreciation expense in 2023 Depreciation expense in 2024 $ e Textbook and Media