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I need help with these 3 questions Partial Year Depreciation Equipment acquired at a cost of $81,000 has an estimated residual value of $5,000 and

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Partial Year Depreciation Equipment acquired at a cost of $81,000 has an estimated residual value of $5,000 and an estimated useful le of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31 If necessary, round your answers to the nearest cent a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method Depreciation Year 1 Year 2 b. Determine the depreciation for the current fiscal year and for the following scal year by the double-declining balance method Depreciation "Year! Year 2 Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $148,340 has an estimated useful life of 18 years, has an estimated residual value of 57,400, and is deprecated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? si b. Assume that the equipment was sold on April 1 of the fifth year for $108,922 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank Round your answers to the nearest whole dollar if required 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it Do not round intermediate calculations Depletion Entries Alaska Mining Co, acquired mineral nights for $16,380,000. The mineral deposit is estimated at 81,900,000 tons. During the current year, 12,300,000 tons were mined and sold. a. Determine the amount of depletion expense for the current year. Round the depletion rate to two decimal places b. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank 88 Accumulated Depletion Cash Depletion Expense Depletion Payable Mineral Rights Repairs and Maintenance Expense

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