Eaculty: dennifer Man Instructions: Assignment Submit Excel file for following: On June 1, 2020, Hest Bread Company purchased equipment at a cost of $120,000 that has a depreciable cost of 590,000 and an estimated useful life of 3 years and 30,000 hours Using straight line depreciation, prepare the journal entry to record depreciation expense for (a) the first year (b) the second year and (c) the last year Format All submissions in Excel with a cover page indicating student name, and student ID Soft copies submitted to moodle only c Show steps if there is a calculation Marking Rubrics Assignments handed in before deadline (receive zero if missed deadline) Refrain from copying or sharing answers. Such behavior will be doems "plagiarism and students will nee be awarded with any marks receive zero if convinced for plagiarism) Marketing: Show calculation with steps (1 mark) Journal entries (3 marks) i Eaculty: dennifer Man Instructions: Assignment Submit Excel file for following: On June 1, 2020, Hest Bread Company purchased equipment at a cost of $120,000 that has a depreciable cost of 590,000 and an estimated useful life of 3 years and 30,000 hours Using straight line depreciation, prepare the journal entry to record depreciation expense for (a) the first year (b) the second year and (c) the last year Format All submissions in Excel with a cover page indicating student name, and student ID Soft copies submitted to moodle only c Show steps if there is a calculation Marking Rubrics Assignments handed in before deadline (receive zero if missed deadline) Refrain from copying or sharing answers. Such behavior will be doems "plagiarism and students will nee be awarded with any marks receive zero if convinced for plagiarism) Marketing: Show calculation with steps (1 mark) Journal entries