The following data relates to a new piece of equipment ABC Company purchased on January 1:

Total Cost $ 425,000.00

Estimated Residual Value. $ 25,000.00

Estimate life in years 10 years

Estimated total number of wheel bolts

the equipment will produce over its useful life.. 2,000,000 bolts

Actual wheel bolts produced in:

Year 1. 800,000 bolts

Year 2. 400,000 bolts

Year 3. 900,000 bolts

8. If ABC Company uses the Straight Line method to depreciate the equipment- what would be the amount of Depreciation Expense for Year 4?

9. If ABC Company uses the Straight Line method to depreciate the equipment- and has made the depreciation adjusting entry for year 7 What would be the balance in the Accumulated Depreciation account at the end of Year 7?

10. If ABC Company uses the Double-Declining-Balance method to depreciate the equipment and has made the depreciation adjusting entry for Year 2 What would be the Book-Value of the equipment at the end of Year 2?

11. If ABC Company uses the Activity-Based method to depreciate the equipment what would be the required General Journal entry to record depreciation for Year 2?