Hleyplus.com ons Support 2021 Jan. 1 Balance Aug. 10 Purchases 12 Freight on equipment purchased 25 Installation costs Nov. 10 Repairs Equipment 2021 134,700 June 30 Cost of equipment sold 31,220 (purchased prior to 2021) 23,820 720 2,600 530 Prepare correcting entry if necessary. If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2021 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1. 2021, balance was purchased in 2019. (Round answers to decimal places, eg. 45,892.) $ (1) Straight-line (2) Sum-of-the-years-digits $