Equipment$ 100,000

Accumulated depreciation through 2017 54,000

The equipment is being depreciated on a straight-line basis over an estimated life of 15 years, with a $10,000 estimated residual value. The companys fiscal year ends on December 31.

1. depreciation expense for the equipment for 2017

2 journal entries to record the two expenditures that occurred during 2018. )

1. repair 1000

2. overhaul 12000

3 depreciation expense for the manufacturing equipment for 2018 anf how logn the company used

4 January 2019, based on an expert opinion, the useful life of the equipment need to be increased for two years; however, the residual value remains the same. Calculate the depreciation expense for 2019

5 company ended up selling the equipment on April 30, 2020, for $60,000. Calculate the additional depreciation expense, the equipment carrying amount and the gain or loss on disposal