151. Forty-Niner Co purchased a computer for $325,000 on January 2, 2014. The company expects the computer to last for 8 years or 15,000 hours of operation, with an estimated residual value of $25,000. During 2014 the computer was operated for 2,000 hours, while in 2015 it was operated for 2,600 hours. Calculate the depreciation expense for the computer for 2014 and 2015 using the following depreciation methods: (a) Straight-line. (b) Declining-balance at twice the straight-line rate. (c) Units-of-production. 169. Great Coast Construction (GCC) exchanged a three-year- old excavator for a new excavator that had a list price of $53,000, which was its fair value. The old excavator originally cost $75,000 and has accumulated depreciation of $45,000 to the date of exchange. In addition to the $45,000 trade-in given for the old excavator, GCC paid $8,000 cash to complete the deal. Record the asset exchange. 82. On November 16 Xtreme Sports received a 90-day note payable from Z Skis, instead of cash payment of an overdue account. The amount of the note was $15,000 at an interest rate of 9%. Prepare the journal entry to record the note. Prepare the journal entry to record the interest due as of December 31. Prepare the journal entry to record the payment of the