Task 5: At the start of Year 3, the sisters purchase property, plant, equipment, an ensure that HHEC.com is ready to handle the large volume of sales they expect. T quipment. As HHEC.com's bookkeeper, Sophia is unsure of how to record these calculate the annual amount of depreciation expense on these assets. Sophia p HAPPY HOME sf purchases and disposals during the year and asks you to record these transacti Environmental Cleaning journal. She then asks you to calculate annual depreciation expense under various methods. At the end of Year 2. HHEC reported the following property, plant, and equipment 135,000 Building Accumulated Depreciation - Building Trucks Accumulated Depreciation - Trucks Land Office Equipment Accumulated Depreciation - Office Equipment 150,000 15,000 350,000 35,000 315,000 275,000 78,000 7,800 70,200 Total Property, plant, and equipment 795,200 During Year, the following selected cash transactions occurred. January 1 January 1 January 1 March 1 May 1 Purchased land for $225,000 Purchased packaging equipment for 450,000. Purdhased a patent for $75,000. Sold office equipment that cost 78,000 when purcha: Sold land purchased on June 1, Year 2 for 175,000. The packaging equipment that HHEC.Com purchased on January 1, Year 3 has an estimated useful an estimated residual value of $30,000 for Year 3 and Year Calculate deprecation expense for Year 3 and Year 4 under each of the following methods. The equ to produce 150,000 units. During Year 3 and Year 4. the equipment produced 25,000 and 40,000 un The patent that HHEC.Com purchased on January 1, Year 3 has an estimated useful life of 20 years ANSWER HHEC Tak Altheart 1, the purchase property, planime, and tourmis ready to handle the volume of hypect. Though the year they are to purchase property dent and some of organs howSopher of how to record the action and we proves you with a list of purchase and disadaring the year and ask you to recordation in the Shes you to HAPPY HOME At the end of 2.HEC reported the property, plant, and a 12000 Try 3450 Accumulated Depreciation - Ofico Ligiert During Year, the following selected canh transactions cured. March 1 Purchased package for 450,000 Sold office equipment that con 78,000 when purchased on July 1, Year 2. The equipment Sold and purchased on June 1, Yow 2 for 175,000. The land 200.000 for 5.000 The packaging woment that com purchased on January , Year 3 has an estimated sale of years and material of $30,000 for you and you Calculate depreciation experise for your and your under each of the following method. The game is estimated to produce 150.000 Dung Year and Year introduced 25.000 and 40.000 unts respectively The path HEC Computed on January 1, Yow has an estimated to of 2 years ANSWER 00 production Task 5: At the start of Year 3, the sisters purchase property, plant, equipment, an ensure that HHEC.com is ready to handle the large volume of sales they expect. T quipment. As HHEC.com's bookkeeper, Sophia is unsure of how to record these calculate the annual amount of depreciation expense on these assets. Sophia p HAPPY HOME sf purchases and disposals during the year and asks you to record these transacti Environmental Cleaning journal. She then asks you to calculate annual depreciation expense under various methods. At the end of Year 2. HHEC reported the following property, plant, and equipment 135,000 Building Accumulated Depreciation - Building Trucks Accumulated Depreciation - Trucks Land Office Equipment Accumulated Depreciation - Office Equipment 150,000 15,000 350,000 35,000 315,000 275,000 78,000 7,800 70,200 Total Property, plant, and equipment 795,200 During Year, the following selected cash transactions occurred. January 1 January 1 January 1 March 1 May 1 Purchased land for $225,000 Purchased packaging equipment for 450,000. Purdhased a patent for $75,000. Sold office equipment that cost 78,000 when purcha: Sold land purchased on June 1, Year 2 for 175,000. The packaging equipment that HHEC.Com purchased on January 1, Year 3 has an estimated useful an estimated residual value of $30,000 for Year 3 and Year Calculate deprecation expense for Year 3 and Year 4 under each of the following methods. The equ to produce 150,000 units. During Year 3 and Year 4. the equipment produced 25,000 and 40,000 un The patent that HHEC.Com purchased on January 1, Year 3 has an estimated useful life of 20 years ANSWER HHEC Tak Altheart 1, the purchase property, planime, and tourmis ready to handle the volume of hypect. Though the year they are to purchase property dent and some of organs howSopher of how to record the action and we proves you with a list of purchase and disadaring the year and ask you to recordation in the Shes you to HAPPY HOME At the end of 2.HEC reported the property, plant, and a 12000 Try 3450 Accumulated Depreciation - Ofico Ligiert During Year, the following selected canh transactions cured. March 1 Purchased package for 450,000 Sold office equipment that con 78,000 when purchased on July 1, Year 2. The equipment Sold and purchased on June 1, Yow 2 for 175,000. The land 200.000 for 5.000 The packaging woment that com purchased on January , Year 3 has an estimated sale of years and material of $30,000 for you and you Calculate depreciation experise for your and your under each of the following method. The game is estimated to produce 150.000 Dung Year and Year introduced 25.000 and 40.000 unts respectively The path HEC Computed on January 1, Yow has an estimated to of 2 years ANSWER 00 production