You have been hired by Patterson Planning Corp., an events planning company that recently had a fire in which some of the accounting records were damaged. In reviewing the fixed asset records, you find four depreciation schedules that are not labeled. They are listed in the table below. One of the assets has a depreciation rate of $4.30 per hour

Year	Schedule A	Schedule B	Schedule C	Schedule D
1	$6,500.00	$6,000.00	$10,125.00	$9,890.00
2	10,400.00	3,600.00	13,500.00	6,450.00
3	6,240.00	2,160.00	13,500.00	7,310.00
4	3,737.50	1,296.00	13,500.00	6,450.00
5	3,737.00	444.00	3,375.00	4,300.00
6	1,885.00			6,880.00
7				4,730.00
8
Total	$32,500.00	$13,500.00	$54,000.00	$46,010.00

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2. For each of the depreciation schedules shown on the Patterson Planning Corp. panel, fill in the information below. Leave any cells blank that cannot be determined from the depreciation schedule.

	A	B	C	D
Useful life
Residual value	$	$	$	$
Asset cost	$	$	$	$
Total operating hours

Review the depreciation schedules on the Patterson Planning Corp. panel, then answer the questions below.

1. How would you adjust Schedule C if, at the beginning of Year 3, the asset was estimated to have 5 more years of life remaining, but with a residual value that was $1,500 lower? The total depreciation for this asset now will be $____________________ . The depreciation amount for Year 3 will be$____________________ . Points: 0 / 2