Take me to the text Restaurant La Jolie Vache purchased equipment on January 1, 2018 for $60,000. The asset is expected to last for four years, at which time the estimated residual value will be $11,000. Required a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value. Restaurant La Jolie Vache uses straight-line depreciation. Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number. Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 $60,000 $ 12250 $ 12250 $ 47750 2019 $60,000 $ 12250 $ 24500 $ 35500 2020 $60,000 $ 12250 $ 36750 $ 23250 2021 $60,000 $ 12250 $ 49000 $ 11000 b) The asset was sold for $14,000 on January 1, 2022. Prepare the journal entry to record the sale. Enter all debit accounts in alphabetical order. Enter all credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit Jan 1 Accumulated Depreciation 49000 Cash 14000 Equipment 60000 Gain on Disposal of Asset 3000 Equipment 60000 Gain on Disposal of Asset 3000 To record sale of equipment for cash c) Using the same purchase information at the beginning of the question, complete the table assuming that Restaurant La Jolie Vache used double-declining-balance depreciation. Net Book Value at the Beginning of the Depreciation Accumulated Year Net Book Value at the End of the Year Expense Depreciation Year 2018 60000 $ 30000 $ 30000 $ 30000 2019 30000 $ 15000 $ 45000 $ 2020 $ 15000 $ $ $ 2021 $ 0 $ $ d) Using the same purchase information and residual value at the beginning of the question, assume that the company uses the units- of-production method. The asset can produce one million units. Prepare the depreciation table. Year Cost of Long-Term Asset Units Produced Depreciation Expense Accumulated Depreciation Net Book Value 2018 $60,000 210,000 $ $ $ 2019 $60,000 160,000 $ $ 2020 $60,000 200,000 $ $ 2021 $60,000 310,000 $ $