Q12 On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $140,000, and its estimated useful life was five years or 300,000 cuttings. Its salvage value is $11,000. Calculate the third year's depreciation expense for the machine's useful life under each of the following depreciation methods. Assume that the production in cuttings in the third year is 65,000 cuttings. 6 points Q13 The Mite Company sold a building for $150,000. The building had originally cost the company $2,000,000 and had accumulated depreciation to date of $1,900,000. Prepare a journal entry to record the sale of the building. 5 points