Problem 8-29A (Algo) Computing and recording units-of-production depreciation LO 8-4, 8-5 Sable Company paid cash for assembly equipment for $780,000 on January 1, Year 1. The equipment is expected to have a useful life of 260,000 machine hours and a salvage value of $26,000. Actual machine-hour use was as follows: Year 1 Year 2 Year Year 4 Year 5 68,000 73,000 54,000 48,000 22,000 Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in a financial statements model. Sabel's financial condition immediately prior to the purchase is shown. c. Assume that Sobel sold the equipment at the end of the fifth year for $27,200. Calculate the amount of goin or loss on the sale of equipment Complete this question by entering your answers in the tabs below. ST Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition revenue and the depreciation expense for the first year in a financial statements model. Sabel's financial condition immediately the purchase is shown. c. Assume that Sabel sold the equipment at the end of the fifth year for $27,200. Calculate the amount of gain or loss on the sale equipment Answer is not complete. Complete this question by entering your answers in the tabs below. Required A. Required B Required Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. (Do not round intermediate calculations.) Years Depreciation Year 1 $ 197 200 Year 2 S 211,700 Yoar 3 s 156,600 Year 4 s 139.200 Year 5 $ 63,800 quod Required 8 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required Required Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the firs statements model. Sabel's financial condition immediately prior to the purchase is shown. (In the Statement of Cash Flows column, use the initials OA to designato operating activity, activity. FA for financing activity, and NC for ne change in cash. Enter any decreases to account balances with a minus sign. Not all cells require input.) Income Statement Expense Event Net Income Statement of Cash Flow SABELCO Horizontal statements Model for Year 1 Balance Sheet Assets Stackholders' Equity Revenge Cash Book Value of Common Retained Equipment Stock Earnings 360,000 360,000 (780,000) 780,000 236,000+ 230,000 (197,2001 - 316.000 . 2.000 60.000 0 230,000 - Balance Equipement Rivet Depreciation lungo . 197.200 - 197,200 230.000 (197.2003 38.000 (780,000) 236.000 (544,000) OA