. o 00 FATO + MM 100 MRR Ph Sew the straight-line method of depreciation. The wand December 31. The following transactions and events et during the first three years 2016 ful Purchased a computer from the Computer Center for $1.900 cash plus sales tax of sis, and shipping costs of $50. Nov. 3 Incurred ordinary repairs on computer of $140. Dec 31 Recorded 2016 depreciation on the basis of a four year life and estimated residual value of $500. 17 Dec.31 Recorded 2017 depreciation. 8 Jan. 1 Paid $300 for an upgrade of the computer. This expenditure is expected to increase the operating efficiency and capacity of the computer. tions Se necessary entries. (Show computations.) (15%)