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5 Take me to the text Marked out of 4700 Restaurant La Jolie Vache purchased equipment on January 1, 2018 for $60,000. The asset is

5 Take me to the text Marked out of 4700 Restaurant La Jolie Vache purchased equipment on January 1, 2018 for $60,000. The asset is expected to last for four years, at which time the estimated residual will be $11,000 Required a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value Restaurant La Jolie Vache straight-line depreciation Qo not enter doller signs or commas in the inout.bos Bound all doar foure answers to the nearest whole number Cost of Long- Depreciation Year Term Asset Expense 2018 $60,000 2019 $60,000 2020 $60,000 2021 $60,000 Accumulated NetBook Value Depreciation to Date by The asset was sold for $15,000 on January 1, 2022 Prepare the journal entry to record the sale Enter all debit accounts.in.habetical order Enter all credit accounts in albabetical order Date Account Title and Explanation Debit Credit To record sale of equipment for cash Using the same purchase information at the beginning of the question, complete the table assuming that Restaurant La Jolie Vache used double-declining-balance depreciation. Net Book Value at the Beginning of the Year Depreciation Expense Accumulated Depreciation Net Book Value at the End of the Year 2018 2019 2020 2021 Using the same purchase information and residual value at the beginning of the question, assume that the company uses the units-of-production method. The asset can produce one million units. Prepare the depreciation table Depreciation Accumulated Expense Depreciation Not Book Value Cost of Long- Units Term Asset Produced 2018 $60,000 250,000 $ 2019 $60,000 120,000 $ 2020 $60,000 250,000 2021 $60,000 130,000 $

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