Problem 8-29A (Algo) Computing and recording units-of-production depreciation LO 8-4, 8-5 Sable Company paid cash for assembly equipment for $780,000 on January 1, Year 1. The equipment is expected to have a useful life of 260,000 machine hours and a salvage value of $26,000. Actual machine-hour use was as follows: ook Year 1 Year 2 Year 3 Year 4 Year 5 68,000 73,000 54,000 48,000 22,000 int Required a. Compute the depreciation for each of the five years, assuming the use of units of production depreciation b. Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in a financial statements model. Sabel's financial condition immediately prior to the purchase is shown. c. Assume that Sabel sold the equipment at the end of the fifth year for $27,200. Calculate the amount of gain or loss on the sale of equipment Complete this question by entering your answers in the tabs below. Required A Required Required Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. (Do not round intermediate calculations.) Depreciation Years Year 1 Year 2 conscannect annect with CamScanner Year 5 Complete this question by entering your answers in the tabs below. Required A Required B Required C Assume that Sabel earns $236,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense statements model. Sabel's financial condition Immediately prior to the purchase is shown. (In the Statement of Cash Flows column, use the initials OA to designate operat activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances with a minus sign. Not all cells require input.) SABEL CO. Horizontal Statements Model for Year 1 Balance Sheet Assets Stockholders' Equity Revenue Cash Book Value of Common Retained Equipment Stock Earning 860,000.1 860,000 Income Statement Expense - Net Income Event Statement of Cash Flows Balance Equipement Revenue Depreciation Balance Required A Required C> CS Scanned with Cam Seasonga Complete this question by entering your answers in the tabs below. Required A Required B Required C Assume that Sabel sold the equipment at the end of the fifth year for $27,200. Calculate the amount of pain or loss on the sale of equipment. Red Required B CS Scanned with CamScanner