Question:5 (10 Marks) Xeno Co. incurred the following transactions concerning its machinery: Jan 1, 2021 Purchased a machine for $60,000 cash, and also paid $3.000 cash to have it installed. Estimated useful life is 10 years and residual value is $3,000. Straight line depreciation is used. Jan 1, 2022 The machine's useful life was changed from 10 years to 9. Jan 8, 2023 Paid $3,800 to replace a motor in the machine. This was considered a major overhaul. Xeno Co uses the calendar year as its fiscal year. Prepare the journal entry to record depreciation expense for 2021, 2022 and 2023. Round all values to the nearest dollar. Question:6 (15 Marks) Dersch Co. purchased a machine on January 1, 2019, for $2,500,000. Using the table below, calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 50,000 hours with a residual value of $150,000). During the machine's life, it was used 15,000; 14,000; 10,000; 9,000; and 6,000 hours. By Using Straight Line, Units of Production and Declining Balance Method. Question:7 (10 Marks) A machine was purchased for $37,000 and depreciated for 5 years on a straight-line basis under the assumption it would have a 10-year life and a $1,000 residual value. At the beginning of the machine's sixth year, it was recognized that it had 3 years of remaining life left, instead of five, and that at the end of the 3 years its residual value would be $1,600. What should the annual depreciation be for the machine's remaining years