Answer parts E and F.

XYZ Co. purchased a piece of equipment for $400,000 at the beginning of year 1. The equipment has an estimated useful life of five years and an estimated residual/salvage value of $30,000. The equipment, which has an estimated operating life of 46,250 hours, was operated: 11,000 hours is year 1 10,000 hours in year 2 9,250 hours in year 3 10,000 hours in year 4 6,000 hours in year 5 Required: A) Using the Straight-line method of depreciation, prepare a schedule that would show the depreciation expense recorded in each of the five years and the book value of the equipment at the end of each of the five years. B) Using the Units-of-Production method of depreciation, prepare a schedule that would show the depreciation expense recorded in each of the five years and the book value of the equipment at the end of each of the five years. C) Using the Double-Declining Balance method of depreciation, prepare a schedule that would show the depreciation expense recorded in each of the five years and the book value of the equipment at the end of each of the five years. D) Now assume the equipment is sold for $175,000 after year 3. Assuming the company had chosen to use Units-of Production for calculating depreciation, prepare a journal entry to record the sale. E) Now assume the equipment is traded for similar equipment after year 3. The price of the new equipment is $420,000. The seller offered and we accepted a $45,000 trade-in allowance on the old equipment. Assuming the company had chosen the Double- Declining Balance method to depreciate the old equipment, prepare the journal entry to record the trade. F) Assume that neither part D or part E occurred. As a kind gesture to help out an aspiring new business owner, assume the equipment is given to another company after year 4. Assuming our company had chosen the Straight-line method of depreciation, prepare the journal entry to record the disposal