In early January 2017, NewTech purchases computer equipment for $272,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20,000. Exercise 10-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. StraightLine Depreciation Choose Denominator: Choose Numerator: 1 Annual Depreciation Expense Depreciation expense 0 Annual Depreciation Year-End Book Value Year 2017 2018 2019 2020 Total $ Diaz Company owns a milling machine that cost $125,200 and has accumulated depreciation of $94,900. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $17,100 cash. 3. Diaz sold the machine for $30,300 cash. 4. Diaz sold the machine for $40,900 cash. View transaction list Journal entry worksheet 2 3 1 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Date General Journal Debit Credit 1 2 3 4 Record the sale of the machine for $17,100 cash. Note: Enter debits before credits. Date General Journal De Jan 03 Journal entry worksheet