Patterson Planning Corp. You have been hired by Patterson Planning Corp. an events planning company that recently had a fire in which some of the accounting records were damaged. In reviewing the fixed asset records, you find three depreciation schedules that are not labeled. They are listed in the following table. One of the assets has a depreciation rate of $4.40 per hou Year Schedule A Schedule B Schedule C 1 $8,000 $10,125 58,800 2 4,800 13,500 6,600 3 2,880 13,500 7.480 4 1,728 13,500 6,600 592 3,375 4,400 5 7,040 4,840 Total $18,000 $54,000 $45,760 Depreciation Determine weich desreciation method is shown in each schedule on the Patterson Planning Comboral. Then match each schedule to the site description that best characterizes the type of sets often depreciated using the method Asset Description Depreciation Schedule Used Asset producing steady revenues Asset with variable in-service time Asset generating greater revenues in the early years 2. For each of the depreciation schedules on the Peterson Planning Corp. is in be following internet. Yes neun bae does not require an entry, leave 2 Blak A Residual valor Asset cost The operating hours Final Questione Neview the degrees the Person Ping Corporal theatre flow 1. How would you begin er veer 2, the rest estimated Server. Athares the that was 2.500 her? The total deprecation for stowwe The depreciation announc ter Your wates 2. What is the difference between the journal entries for discording or selling of asset? The youmal entry to differs from the other only be 3. Complute the following sentences et deprecation (A) When a fixed asset is deprecated its measures - Deprecation