Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. Assume Pool Corporation

purchased for cash new loading equipment for the warehouse on January 1 of Year 1, at an invoice price of $90,000. It also paid

$4,400 for freight on the equipment, $2,500 to prepare the equipment for use in the warehouse, and $1,400 for insurance to cover the

equipment during operation in Year 1. The equipment was estimated to have a residual value of $4,500 and be used over three years

or 30,000 hours.

Required:

1. Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1.

2. Create a depreciation schedule assuming Pool Corporation uses the straight-line method.

3. Create a depreciation schedule assuming Pool Corporation uses the double-declining-balance method.

4. Create a depreciation schedule assuming Pool Corporation uses the units-of-production method, with actual production of 9,200

hours in Year 1; 8,600 hours in Year 2: and 9.800 hours in Year 3.

5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $28,500. Record the sale of the equipment

assuming the company used the straight-line method.

Required 1 Required 2 Help Save & E Required Sub Required 4 Required Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1. (If no entry is required for a transaction/event, select "No joumal entry required in the first account field) View transaction list Journal entry worksheet Record the purchase of equipment, freight, preparation costs, and insurance. Note: Enter debits before credits General Journal Debit Date January 01 Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Create a depreciation schedule assuming Pool Corporation uses the straight-line method. (Do not round intermediate calculations. Round your final answer to nearest whole dollar) Year Depreciation Expense Accumulated Depreciation Net Book Value 1 2 3 Required 3 > Prey 1 of 2 !!! Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Create a depreciation schedule assuming Pool Corporation uses the double-declining balance methods (Do not round intermediate calculations. Round your final answer to nearest whole dollar) Depreciation Expense Year Accumulated Depreciation Not took Value 1 2 3 Required 4 > Required 1 Required 2 Help Required SER Required 4 Required On December 31 of Year 2, the equipment was sold for $28,500: Record the sale of the equipment assuming the company used the straight-line method. (If no entry is required for a transaction/event, select "No journal entry required in the first account fald. Do not round Intermediate calculations. Round your final answer to nearest whole dollar) View transaction lit Journal entry worksheet 2 Record the depreciation expense, assuming the company uses the straight line method. Note: Enter debits before credits General Journal Debet Credit Date December 31 Record entry Clear entry View general Journal ENT Required 1 Required 2 Required 3 Required 4 Required On December 31 of Year 2, the equipment was sold for $28,500. Record the sale of the equipment using the company wed the straight-line method. (If no entry is required for a transaction/event, select "No journal entry required in the first account round intermediate calculations. Round your final answer to nearest whole dar) View transaction list Journal entry worksheet