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Current Attempt in Progress Wildhorse Company shows the following entries in its Equipment account for 2026. All amounts are based on historical cost. 2026 Jan.

Current Attempt in Progress Wildhorse Company shows the following entries in its Equipment account for 2026. All amounts are based on historical cost. 2026 Jan. 1 Aug. 10 12 (a) 25 Nov. 10 Balance Purchases Freight on equipmen purchased Installation costs Repairs Equipment 147,970 33,320 730 2,470 460 2026 June 30 Cost of equipment sold (purchased prior to 2026) 25,210
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Current Attempt in Progress Wildhorse Company shows the following entries in its Equipment account for 2026. All amounts are based on historical cost. Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2026 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1,2026, balance was purchased in 2024. (Round answers to 0 decimal places, e.g. 5, 125.) (1) Straight-line (2) Sum-of-the-years-digits

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