1 Problem 1. Calculating Depreciation. 12.5 points. On April 1, 2017, SAS Corporation purchased and placed into service a plant asset (paint machine). 3 The following information is available regarding the plant asset: D E G 4 5 Acquisition Cost $130,000 6 Estimated Salvage Value $15,000 7 Estimated Useful Life 5 years 8 Estimated Useful Life 10,000 units 9 10 Required: In 2017, SAS Corporation mixed 1,400 cans of paint and in 2018 the company mixed 2,400 cans of 11 paint. Make the necessary journal entries at December 31, 2017 and December 31, 2018 to record depreciat 12 for each year under the following depreciation methods: 13 14 1.Straight-line 15 2.Double-declining balance 16 3.Units of Production 17