On January 3, 2020, Xenex Innovations purchased computer equipment for $138,000. The equipment will be used in research and development activities for five years or a total of 9,000 hours and then sold for about $21,000. Assume actual usage in hours of: 2020 1,700 2021 1,850 2022 3,100 2024 2023 3,050 3,400 Required: Calculate depreciation expense and book values for each year of the equipment's life for each method of depreciation using the table provided below. Xenex's year end is December 31. (Do not round Intermediate calculations.) Straight-Line Depreciation Book Value at Expense December 31 Double Declining-Balance Units-of-Production Depreciation Book Value at Depreciation Book Value at Expense December 31 Expanse December 31 Year 2020 2021 2022 2023 2024 Analysis Component: Which method will result in the greatest a. Total assets being reported on the balance sheet in 2020? in 2023? On April 1, 2019. Guy Comeau and Amelie Lavol formed a partnership in Ontario Contribution Profit sharing COR LAVES $324,600 cash $190,000 land $133,900 building $164,600 salary allowance 58 of original 5t of originat capital investments capital investments 401 of remaining 600 of remaining $115,600 Cash withdrawal March 20, 2020 Net Income during the year was $588,000 and was in the Income Summary account On April 1, 2020 Travis Roberts invested $150,400 and was admitted to the partnership for a 20% interest in equity. Required: 1. Prepare journal entries for the following dates. a. April 1, 2019 View transaction list Journal entry worksheet