Z Company's fiscal year runs July 1st to June 30th. The company purchased a new machine which was installed and operational at the beginning of the second quarter in October. Machine purchase price of $145,800 with an additional installation cost of $10,000, and has an estimated useful life of four years from installation and estimated salvage value of $5,600. Required: 1. Prepare a depreciation schedule showing Net Book value (beginning and ending), depreciation expense, and accumulated depreciation for the asset. Hint: pay attention to dates of acquisition and fiscal year. Prepare one schedule for each method: a. Straight-line b. Double-declining balance Excel Format Depreciation Accumulated Year NBV beg Factor expense Depreciation NBV ending 2. Z Company receives an offer of $45,000 for the machine at the end of the third fiscal year. What factors should Z Company consider in determining whether to sell or keep the machine? Assume the machine is sold. Prepare the appropriate journal entry showing sale of the machine and disposition of asset under each depreciation schedule. a. b