PLEASE HELP

Raptor Pencils purchases machinery on January 15 2014 for $410,000 in cash. Raptor Pencils estimates that the machinery will last for 20 years and have a salvage value of $5,500. Round all answers to the nearest dollar fal Using straight-line depreciation, calculate the depreciation expense for the 2014 and choose the right accounts to debit and credit for the journal entry to record the depreciation expense Depreciation Expense: Select Account to be Debited: Select Account to be Credited (Select (b) Using straight-line depreciation, what is the book value of the machinery at the end of 2016 (December 31, 2016)2 Note that this is after the third year of operation. (3 points) Book Value at end of 2016 [Select] (e On January 1, 2017, Raptor Pencils finds that its original depreciation estimates were wrong. Instead of lasting for 20 years, Raptor Pencils estimates that the machine will only last for 10 years total (7 remaining years, with a salvage value of $2,825. Using straight-line, what is the depreciation expense for 2017? Depreciation Expense for 2017 Select ] d Raptor Pencils decides to sell the machine on January 1, 2017 for $310,500 in cash. Make the appropriate journal entry for this sale. Ignore part (c) in these calculations (pretend no revision of depreciation estimates) Dr [Select ! v Select isolat Galeri (d) Raptor Pencils decides to sell the machine on January 1, 2017 for $310,500 in cash. Make the appropriate journal entry for this sale. Ignore part (c) in these calculations (pretend no revision of depreciation estimates) Dr. Select [Select) v Dr Select [ Select) Dr [Select v Select] Cr [Select) Select le) Now, suppose that instead of straight-line depreciation, Raptor Pencils had decided to use double-declining balance (DDB). What is the book value of the machinery at the end of year 2 assuming DDB had been used and the original estimates were in place (20 years, salvage value of $5,500, original cost of $410,000)? Remember that the machinery was purchased on January 19.2014 Book Value using DDB at the end of year 2 Select () Now, suppose that Raptor Pencils had decided to use units-of-activity to estimate depreciation. It estimated that the machinery could manufacture 2,500,000 pencils throughout its life. In the first year, it manufactured 185.000 pencils. What is the depreciation expense for this year? Use the original parameters (20 years, salvage value of $5,500, original cost of $410,000). Depreciation expense using units-of-activity: Select