MALLORY CORPORATION On December 31, 2013, the Mallory Corporation had the following activity in its fixed assets record. Assume all assets were purchased on January 1. REQUIRED: . Compute the depletion, amortization, and depreciation expense on December 31, 2013 for each asset listed above. . Record the entries for the assets above . Suppose that we sold machine 2 for $50,000, record the entry . Suppose that the building life increased from 25 years to 30 years, revise the depreciation and prepare the entry. . Suppose that the corporation spent $20,000 in 2013 to defend the patent. Record the entry