E11-15 (Lol,2) (Depreciation for Fractional Periods) On March 10, 2019, Lost World Company sells equipment that it pur- chased for $192,000 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a sal- vage value of $16,800 at the end of that time, and depreciation has been computed on that basis. The company uses the straight- line method of depreciation. nstructions (a) Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive, under each of the six following assumptions with respect to partial periods (1) Depreciation is computed for the exact period of time during which the asset is owned. (Use 365 days for base and record depreciation through March 9,2019.)