A5-01 Mar1, 2011 spending $793,000 purchasing a boat with useful life 10 years, with residue value $160,000. please calculate the depreciaton and make the entries for 2011, 2012 and 2013. A5-Q2 Purchased a machine for $59,000 in cash on Mar1, 2011, It was repaired at a cost of $920 and installed on a new platform costing $2,080. The useful life will be 5 years, Residual value is $14,000 on Feb28. 2014, it was sold. Please prepare the calculation and entries for depreciation and disposition of the machine under the following conditions. 1) sold it for 26,000 cash 2) sold it for $33,200 cash 3) sold it for $34,180 cash