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Requirements: 1- Prepare the depreciation schedule for the van for the 4 years including the deprecation expense, Accumulated depreciation, and the Book Value under the following methods: a. Straight Line method b. C. Units of production Double declining E9.13 (LO 3) Francis Manufacturing owns equipment that cost 50,000 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on an estimated residual value of 8,000 and an estimated useful life of 5 years. Instructions Prepare Francis's journal entries to record the sale of the equipment in these four independent situations. a. Sold for 28,000 on January 1, 2020. b. Sold for 28,000 on May 1, 2020. c. Sold for 11,000 on January 1, 2020. d. Sold for 11,000 on October 1, 2020.

1. Prepare the depreciation schedule for the van for the 4 years including the deprecation expense, Accumulated depreciation, and the Book Value under the following methods; a. Straight line method b. Units of production c. Double declining E9.13 (to 3) Francis Manufacturing owns equipment that cost 50,000 when purchased on January 1. 2017. It has been depreciated using the straight-line method based on an estimated residual value of 8,000 and an estimated useful life of 5 years. Instructions Prepare Francis's journal entries to record the sale of the equipment in these four independent situations. a. Sold for 28,000 on January 1,2020. b. Sold for 28,000 on May 1,2020. c. Sold for 11,000 on January 1, 2020. d. Sold for 11,000 on October 1, 2020. 1. Prepare the depreciation schedule for the van for the 4 years including the deprecation expense, Accumulated depreciation, and the Book Value under the following methods; a. Straight line method b. Units of production c. Double declining E9.13 (to 3) Francis Manufacturing owns equipment that cost 50,000 when purchased on January 1. 2017. It has been depreciated using the straight-line method based on an estimated residual value of 8,000 and an estimated useful life of 5 years. Instructions Prepare Francis's journal entries to record the sale of the equipment in these four independent situations. a. Sold for 28,000 on January 1,2020. b. Sold for 28,000 on May 1,2020. c. Sold for 11,000 on January 1, 2020. d. Sold for 11,000 on October 1, 2020

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