a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value. The company uses straight-line depreciation.

Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number.

Year	Cost of Long-Term Asset	Depreciation Expense	Accumulated Depreciation	Net Book Value
2015	$60,000	$Answer	$Answer	$Answer
2016	$60,000	$Answer	$Answer	$Answer
2017	$60,000	$Answer	$Answer	$Answer
2018	$60,000	$Answer	$Answer	$Answer

b) The asset was sold for $14,000 on the first day of 2019. Prepare the journal entry to record the sale.

Enter all debit accounts in alphabetical order. Enter all credit accounts in alphabetical order.

Date	Account Title and Explanation	Debit	Credit
Jan 1	Answer	Answer
	Answer	Answer
	Answer		Answer
	Answer		Answer
	Sale of equipment for cash

c) Using the same purchase information at the beginning of the question, prepare the table assuming that the company used double-declining-balance depreciation.

Year	Net Book Value at the Beginning of the Year	Depreciation Expense	Accumulated Depreciation	Net Book Value at the End of the Year
2015	$Answer	$Answer	$Answer	$Answer
2016	$Answer	$Answer	$Answer	$Answer
2017	$Answer	$Answer	$Answer	$Answer
2018	$Answer	$Answer	$Answer	$Answer

d) 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.

Year	Cost of Long-Term Asset	Units Produced	Depreciation Expense	Accumulated Depreciation	Net Book Value
2015	$60,000	240,000	$Answer	$Answer	$Answer
2016	$60,000	100,000	$Answer	$Answer	$Answer
2017	$60,000	180,000	$Answer	$Answer	$Answer
2018	$60,000	280,000	$Answer	$Answer	$Answer