Hello, it is the third time I am trying to download this question, hopefully, you can help me.

At the start of Year 3, the sisters purchase property, plant, equipment, and intangible assets to ensure that HHEC.com is ready to handle the large volume of sales they expect. Throughout the year they continue to purchase property, plant, and equipment and dispose of some of their older equipment. As HHEC.coms bookkeeper, Sophia is unsure of how to record these transactions and how to calculate the annual amount of depreciation expense on these assets. Sophia provides you with a list of purchases and disposals during the year and asks you to record these transactions in the general journal. She then asks you to calculate annual depreciation expense under various depreciation methods.

Complete this task using the provided Excel spreadsheet, listed as a resource below.

t .com Is ready to handle the large olume or sales they expect. Inrougnout the year they e property, plant, and equipment and dispose of some of their older equipment. As . com's is unsure of how to record these transactions and how to calculate the annual amount of HAPPY HOME CEnvironmentalCleaningse on these assets. Sophia provides you with a list of purchases and disposals during the year and asks you to record these transactions in the general journal. She then asks you to calculate annual depreciation expense under various depreciation methods At the end of Year 2. HHEC reported the following prop and equipment 150,000 Buildin Accumulated D Trucks Accumulated D Land Office Equipment Accumulated D ciation Buildi 15,000135,000 350,000 iation Trucks 315,000 275,000 78,000 7,800 preciation-Office Equip 70,200 Total Pro t, and equipment During Year, the following selected cash transactions occurred January 1 Purchased land for $225,000 January 1 Purchased packaging equipment for 450,000 January 1 Purdhased a patent for $75,000 March 1 Sold office equipment that cost 78,000 when d on January 1, Year 2 The equipment was sold for $75,000 May 1 Sold land purchased on June 1. Year 2 for 175,000. The land cost $200,000 The packaging equipment that HHEC.Com purchased on January 1, Year 3 has an estimated useful life of 5 years and an estimated residual value of $30,000. for Year 3 and Year Calculate deprecation expense for Year 3 and Year 4 under each of the following methods. The equipment is estimated to produce 150,000 units. During Year 3 and Year 4, the equipment produced 25,000 and 40,000 units, respectively The patent that HHEC.Com purchased on January 1, Year 3 has an estimated useful life of 20 years ANSWER ear Year