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 faxed asset records, you find three depreciation schedules that are not labeled. They are listed in the following table. One of the assets has a depreciation rate of $4.40 per hour. Year Schedule A Schedule Schedule 1 2 3 4 5 $8,000.00 4,800.00 2.880.00 1.728.00 592.00 $10,125.00 13,500.00 13,500.00 13,500.00 3,375.00 $8,800.00 6,600.00 7.480.00 6,600.00 4,400.00 7.040.00 4,840.00 Total $18,000.00 $54,000.00 $45,760.00 2. For each of the depreciation schedules shown on the Patterson Planning Corp. panel, W in the following information. Leave any colls blank that cannot be determined from the depreciation schedule. Useful life Residual value $11.940 X Asset cost Total operating hours $45,760 X 10,400 Review the depreciation schedules on the Patterson Planning Corp. panel, then answer the following questions. 1. How would you adjust Schedule B It, at the beginning of Year 3, the asset was estimated to have 5 more years of He remaining, but with a residual value that was $2,500 lower? The total depreciation for this asset now will be $51,000 X. The depreciation amount for Year 3 will be s