Fill in the blanks on the attached screenshots. Pages 3, 5, and 6 show drop down box options.

1 Asset Land Building Equipment Total Market Value percentage of total Value 21,000 10.00% 105,000 50.00% 84,000 40.00% 210,000 100.00% Method 2: Units of Production Method The depreciation rate per unit is calculated as follows: Depreciation Rate per Unit = (Cost - Salvage Value)/Total Estimated Production = (42,000 - 6,000)/9,000 The schedule is given below: Year Asset Cost 2-Jan-16 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 Depreciation per unit 42,000 42,000 42,000 42,000 42,000 Number of Units 4 4 4 4 900 2700 3600 1800 Depreciation Expense 0 3600 10800 14400 7200 4.00 Accumulated Depreciation Book Value 0 42,000 3,600 38,400 14,400 27,600 28,800 13,200 36,000 6,000 a) SL Cost/useful life 2016 5100 2017 5100 Market value of Asset received Less: Book value of asset disposed of cost Less: Accumulated depreciation Gain or loss Cash Accumulated depreciation Eqiopment Loss on sale of equipment 15,500 28,500 11,000 17,500 -2,000 15,500 11,000 28,500 -2,000 Date Account Title 2016 Deplition Expense - Oil reserve Oil reserve To record Deplition Debit($) Credit($) 21,000,000 21,000,000 Particulars Amortization Expense - Patents Patents To record amortization of patent Debit Credit 9,900 9,900 Market value of Asset received Less: Book value of asset exchanged Less: Cash paid Gain or loss Cash Exchange value Eqiopment Loss on sale of equipment 9,500 8,000 2,500 10,500 -1,000 2,500 8,000 9,500 -1,000