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Pedro Company has $190,000 of machinery being depreciated over 5 years. There is no estimable residual value after that After taking 2 years depreciation, Pedro

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Pedro Company has $190,000 of machinery being depreciated over 5 years. There is no estimable residual value after that After taking 2 years depreciation, Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged. Required 1: What depreciation expense will Pedro record in yeat 2 when using the straight line method? $ Required 2. What depreciation expense will Pedro record in year 3 when using the straight line method? $ Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $ Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? $ Required 5: What depreciation expense will Pedro record in year 2 when using the double declining balance method? $ Required 6. What depreciation expense will Pedro record in year 3 when using the double declining balance method? 5

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