Question: please help (1) compute the depreciation expense for 2015 (2) compute the depreciation expense for 2016 (3) prepare journal entries to record the depreciation for
CH9 (B) Left Time: 49:20 Progress: 0/16 Subm O B. Units-of-production method O C. Declining-balance method O D. Straight-line method 15. Joco Company purchased an equipment on November 1, 2015, for $150,000. At the time of acquisition, the equipment was estimated to have a useful life of 10 years and a salvage value of $5,000. Joco recorded the depreciation using 150% declining balance method On May 1, 2018, the equipment was sold for $56.000 (Please provide the calculation processam. 1909, 19) Question Group (20 Points) (1) Compute the depreciation expense for 2015 Short Answor (4 Points)
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