2. For each of the depreciation schedules shown on the Patterson Planning Corp, fill in the following information. If an amount box does not require an entry, leave it blank. Useful life Residual value A Asset cost x Total operating hours x Feedback B Check My Work Think about how depreciation is computed under each method. C Final Questions Review the depreciation schedules on the Patterson Planning Corp. panel, then answer the following questions. 1. How would you adjust Schedule B if, at the beginning of Year 3, the asset was estimated to have 5 more years of life remaining, but with a residual value that was $1,500 higher? The total depreciation for this asset now will be s The depreciation amount for Year 3 will be 2. What is the difference between the journal entries for discarding or selling a fixed asset? The journal entry to differs from the other entry because 3. Complete the following sentences about depreciation. (A) When a fixed asset is fully depreciated it is (B) The balance of the accumulated depreciation account represents (C) Depreciation measures i