A. Equipment #101 with a cost of $10,780 was purchased three years earlier on January 1, Year 2. It is being depreciated on a straight-line basis over an estimated useful life of 10 years with no residual value. At December 31, Year 4, it has been determined that the estimated total useful life is 6 years instead of 10.

C. In Year 4, Alexa decided to change inventory methods from the weighted-average method to the FIFO method. Net income reported in Year 3 applying the weighted-average method was $133,000. If FIFO had been applied in Year 3, net income would have been $141,400.

a. For equipment #101, provide the required adjusting entry for depreciation expense at December 31 , Year 4. - Note: Round answers to the nearest whole dollar. c. For equipment #502, provide any necessary correcting entry. Ignore income taxes. d. In reporting comparative income statements in Year 4, what net income amount is presented for Year 3 ? a. For equipment #101, provide the required adjusting entry for depreciation expense at December 31 , Year 4. - Note: Round answers to the nearest whole dollar. c. For equipment #502, provide any necessary correcting entry. Ignore income taxes. d. In reporting comparative income statements in Year 4, what net income amount is presented for Year 3