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Please help with this accounting question. Will be sure to leave a review. Thank you in advance! Problem 5 (17 points) Part A A machine

Please help with this accounting question. Will be sure to leave a review. Thank you in advance! image text in transcribed
Problem 5 (17 points) Part A A machine that cost $256,000 has an estimated residual value of $16,000 and an estimated useful life of 16,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,000 hours in year 1, 5,000 hours in year 2, and 4,000 hours in year 3. Complete the following tables (show work) n expense Year 1 Year 2 Year 3 Book Value Depreciation At the end of year 3 Part B A machine that cost $130,000 has an estimated residual value of $13,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Complete the following tables (show work) Year 1 Year 2 Year 3 Book Value At the end of year 3 Part C As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,280 cash. The shelves originally cost $8,320 and had been deprociated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $720. Prepare the journal entry to record the sale of the shelving units

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