E11.1 (LO1) (Depreciation Computations-SL, SYD, DDB) Lansbury Lid purchases equipment on January 1, Year 1. at a cost of 518,000. The asset is expected to have a service life of 12 years and a residual value of 50,000 Instructions a. Compute the amount of depreciation for each of years 1 through 3 using the straight- line depreciation method. b. Compute the amount of depreciation for each of years 1 through 3 using the sum-of- the-years'-digits method c. Compute the amount of depreciation for each of years 1 through 3 using the double- declining-balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest pound.) Datanco niego E11.4 (LO1, 2) (Depreciation Computations-Five Methods) Wenner Furnace Corp. purchased machinery for $279,000 on May 1, 2019. It is estimated that it will have a useful life of 10 years, residual value of $15,000, production of 240,000 units, and working hours of 25,000. During 2020, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units. Instructions From the information given, compute the depreciation charge for 2020 under each of the following methods. (Round to the nearest dollar.) a. Straight-line b. Units-of-output c. Working hours d. Sum-of-the-years-digits. e. Double-declining-balance dobbe teo,600 E11.11 (L01, 2) (Depreciation Change in Estimate) Machinery purchased for $52,000 by Carver Co. in 2015 was originally estimated to have a life of 8 years with a residual value of $4,000 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2020, it is determined that the total estimated life should be 10 years with a residual value of $4,500 at the end of that time. Assume straight-line depreciation. Instructions a. Prepare the entry to correct the prior years' depreciation, if necessary b. Prepare the entry to record depreciation for 2020