Question: Please enter answer in excell and then post Problem 2 A piece of equipment costs $10,000 and has a residual (salvage value) of zero. It

Please enter answer in excell and then post Problem 2 A

Please enter answer in excell and then post

Problem 2 A piece of equipment costs $10,000 and has a residual (salvage value) of zero. It has a life of 5 years. (use the straight-line method) A.) What is the depreciation Expense for year 1? What is the depreciation Expense for year 2? What is Accumulated depreciation at the end of year 2? B.) If we sold the piece of equipment at the end of year 2, what would be the journal entry? The selling price is $9,000, Debit Credit

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