Equipment was purchased on January 1, 2017 for $70,000. The asset is expected to last for four years, at which time the estimated residual value will be $10,000. Required a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value. The company uses straight-line depreciation. Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number. Cost of Long-Term Depreciation Accumulated Year Asset Expense Depreciation Net Book Value $ 55500 2017 $70,000 14500 x 14500 X x $ 41000 2018 $70,000 14500 x $ 29000 x x 26500 2019 $70,000 $ 14500 43500 X x 12000 2020 $70,000 $ 14500 X 58000 X x b) The asset was sold for $13,000 on the first day of 2021. Prepare the journal entry to record the sale. Enter all debit accounts in alphabetical order. Enter all credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit Jan 1 To record sale of equipment for cash C) Using the same purchase information at the beginning of the question, prepare the table assuming that the company used double-declining-balance depreciation. Net Book Value at the Net Book Value at the Year Depreciation Expense Accumulated Depreciation Beginning of the Year End of the Year $ $ 2017 $ $ 2018 $ $ 2019 $ $ $ $ $ 2020 d) Using the same purchase information and residual value at the beginning of the question, assume that the company uses the units-of-production method. The asset can produce one million units. Prepare the depreciation table. Cost of Long-Term Units Accumulated Year Depreciation Expense Net Book Value Asset Produced Depreciation $ $ 2017 $70,000 100,000 $ $ HA 2018 $70,000 220,000 $ $ $ 2019 $70,000 180,000 $ $ 2020 $70,000 270,000 $