Actual &$.$ Estimated Units$-$of$-$Production

Year $1$ Production

Actual

Year $2$ Production

Estimated

Year $3$ Production

Estimated

Year $4$ Production

Estimated

$0$

$25,000$

$50,000$

$75,000$

$100,000$

$125,000$

Total Units to be Produced

$1($a$).$ Assume the company uses straight$-$line depreclation for the equipment. At the beginning of the second year, we determine that the equipment has anly two more years of remaining useful life. Compute the equipment's book value at the end of its first year. $($b$).$ Assume the company uses straight$-$line depreclation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate.

$2.$ At the end of the equipment's useful life, the compary pians to sell it$.$ Record the sale of equipment at the end of its useful life for $($a$)$ $$12,000$ cash and $($b$)$ $$6,000$ cash.

Complete this question by entering your answers in the tabs below.

Requlred $1$A Required $16$ Required $2$

$q,$ At the end of the equipment's useful life, the company plans to sell it$.$ Record the sale of equipment st the end of its useful life for $($a$)$ $$12,000$ cosh and $($b$)$ $$6,000$ cash. $q,$

Journal entry worksheet

$$

$$

$2$

Record the sale of equipment at the end of its useful life for $$12,000$ cash.

Note: Enter deblis before credits.

$\backslash$table$[[$Trananaction$,$General Journal,Deblt,Crodit$],[($a$),,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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At the end of the equipment's useful life, the company plans to sell it$.$ Record the sale of equipment at the end of its useful life for $($a$)$ $$12,000$ cash and $($b$)$ $$6,000$ cash.

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Journal entry worksheet

$2$

$2$

Record the sale of equipment at the end of its useful life for $$6,000$ cash.

Note: Enter debils belore credits.

$\backslash$table$[[$Transaction$,$General Journal,Deblt,Credit$],[($b$),,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Record entry

Cloar entry

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