Wildhorse Company shows the following entries in its Equipment account for 2018. All amounts are based on historical Cou cost. Equipment Ki 2018 2018 Jan. 1 Balance 122,020 June 30 Cost of equipment sold Aug. 10 Purchases 35,070 (purchased prior to 2018) 20,980 PRI 12 Freight on equipment purchased 750 25 Installation costs 2,950 erc Nov. 10 Repairs ildh 540 Prepare correcting entry if necessary. (If no entry is required, select "No entry" for the account titles and enter 0 20 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Jan. ug. Account Titles and Explanation Debit Credit ov. Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2018 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1, 2018, balance was purchased in 2016. (Round answers to o decimal places, e.g. 45,892.) uto ints. C Acco (1) Straight-line (2) Sum-of-the-years'-digits $ At the beginning of 2017, Metlock Company acquired a mine for $3,404,400. Of this amount, $123,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 13,110,000 units of ore appear to be in the mine. Metlock incurred $209,100 of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $49,200. During 2017, 2,627,000 units of ore were extracted and 2,067,000 of these units were sold. Compute the following. The total amount of depletion for 2017. (Round per unit answer to 2 decimal places, e.g. 0.45 for computationals purpose and final answer to 0 decimal places, e.g. 45,892.) Depletion for 2017 The amount that is charged as an expense for 2017 for the cost of the minerals sold during 2017.(Round per unit answer to 2 decimal places, e.g. 0.45 for computational purpose and final answer to 0 decimal places, e.g. 45,892.) Amount that is charged as an expense for 2017