1 QUESTION 3 2 Details of some of Laguna Beach Resort's long-term assets are listed below 4 5 6 DATE OF PURCHASE ASSET 7 COST RESIDUAL VALUE ESTIMATED USEFUL LIFE 8 9 Mar 30, 2018 10 Jul 1, 2018 Equipment Machinery $1,27,800 $95,800 $18,000 10 years $25,000 12 years 11 12 On April 30, 2021, Laguna Beach Resort disposed of both of these assets. 14 The total proceeds received for the assets are $180,000 15 Both assets use the straight-line depreciation method based on the number of months 16 owned in the year. Laguna has a December 31 year end. 17 10 Required 19 Prepare the depreciation table. Round all answers to the nearest whole number. 20 21 YEAR 22 23 COST OF LONG TERM DEPRCIATION EXPENSE ACCUM DEPRECIATION NET BOOK ASSET TO DATE VALUE 24 EQUIPMENT 26 27 A 30 TRUCK F H 22 33 34 Question 1 Question 2 Question 3 Read Accessibility Investigate H