Please complete a straight line depreciation schedule, write the asset disposal journal entry using a sale price of $80,000, $100,000 and $110,000 (3 journal entries), complete the account analysis, necessary journal entry, T accounts and Balance sheet presentation for year 3.

On January 1, 20X3, Perkins Printing Corporation purchased a digital press for $1,450,000. It cost an additional $50,000 to deliver, install, and calibrate the press. This machine has a service life of 5 years, at which time it is expected that the device will be disposed of for a $100,000 salvage value.

Perkins uses the straight-line depreciation method.

1. 1. Prepare a schedule showing annual depreciation expense, accumulated depreciation, and related calculations for each year.
   2. Show how the asset and related accumulated depreciation would appear on a balance sheet at December 31, 20X5.
   3. Prepare journal entries to record the asset's acquisition, annual depreciation for each year, and the asset's eventual sale for $100,000.

$50,000 to deliver, install, and calibrate the press. This machine has a service life of 5 years, at which time it is expected that the device will be disposed of for a $100,000 salvage value. Perkins uses the straight-line depreciation method. (a) Prepare a schedule showing annual depreciation expense, accumulated depreciation, and related calculations for each year. (b) Show how the asset and related accumulated depreciation would appear on a balance sheet at December 31, 20x5. (c) Prepare journal entries to record the asset's acquisition, annual depreciation for each year, and the asset's eventual sale for $100,000