Question: please help. QUESTION 2(40 marks ) Success Inc. uses straight-line depreciation with a half-year convention in its financial statements. On 10 March 2020 , Success

please help. QUESTION 2(40 marks ) Success Inc. uses straight-line depreciation

please help.

QUESTION 2(40 marks ) Success Inc. uses straight-line depreciation with a half-year convention in its financial statements. On 10 March 2020 , Success Inc. acquired a computer system at a cost of $98,800. Estimated useful life is six years, with residual value of $5,200. (a) Complete the following schedule, showing depreciation expense Success Inc. expects to recognize each year in the financial statements. (Write your answer in the above format.) (b) Assume Success Inc. sells the computer system on 3 October 2023, for $26,650. (i) Compute the book value of the computer system at date of disposal. (ii) Compute the gain or loss on disposal. (c) Prepare the necessary journal entries to record this sales of computer system

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