1)Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. 2) Record adjusting entry for Depreciation at the end of year 1 under each method - Straight line method - Unit of production method - Double declining method QS 10-3 (Algo) Lump-sum purchase of assets LO C1 Diego Company paid $194,000 cash to acquire a group of items consisting of land appraised at $57,000 and a building appraised at $171,000. Allocate total cost to these two assets and prepare an entry to record the purchase. QS 10-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $83,600, with accumulated depreciation of $44,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash