Mike Devereaux Company shows the following entries in its Equipment account for 2015. All amounts are based on historical cost.

Equipment
2015					2015
Jan. 1	Balance	148,200	June 30	Cost of equipment sold
Aug. 10	Purchases	39,100	(purchased prior to 2015)	30,200
12	Freight on equipment purchased	730
25	Installation costs	2,860
Nov. 10	Repairs	550

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Prepare correcting entry if necessary.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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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 2015 under each of the methods listed below. Assume an estimated life of10years, with no salvage value. The machinery included in the January 1, 2015, balance was purchased in 2013.(Round answers to 0 decimal places, e.g. 45,892.)

(1)	Straight-line.	$
(2)	Sum-of-the-years'-digits.	$