Could you explain me how to do the option d. Thanks. Equipment was purchased on January 1, 2017 for $70,000. The asset is expected to last for four years, at whichtime the estimated residual value will be $11,000.Requireda) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date andnet book value. The company uses straight-line depreciation.Do not enter dollar signs or commas in the input boxes.Round all dollar figure answers to the nearest whole number.Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation Net Book Value2017$70,000 $1475014750$55250201840500257501100020192020Jan 1$70,000 $14750$70,000 $14750$70,000 $14750b) The asset was sold for $15,000 on the first day of 2021. Prepare the journal entry to record the sale.Enter all debit accounts in alphabetical order.Enter all credit accounts in alphabetical order.DateAccount Title and ExplanationAccumulated DepreciationCashEquipmentGain on Disposal of AssetTo record sale of equipment for cashO4295004425059000Debit5900015000Credit700004000 c) Using the same purchase information at the beginning of the question, prepare the table assuming that thecompany used double-declining-balancedepreciation.Year2017201820192020Year201720182019Net Book Value at theBeginning of the Year$70000$35000$17500202011000Cost of Long-TermAsset$70,000$70,000d) Using the same purchase information and residual value at the beginning of the question, assume that thecompany uses the units-of-production method. The asset can produce one million units. Prepare the depreciationtable.$70,000$70,000DepreciationExpense$ 35000$ 17500$ 6500$0UnitsProduced210,000 $12390140,000 $120,000 $DepreciationExpense360,000 $AccumulatedDepreciation$ 35000$ 52500$5900059000$$LABA$Net Book Value at the Endof the Year12390AccumulatedDepreciation$ 35000$ 17500$1100011000Net Book ValuetAGATA57610

Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…

Using the same purchase information at the beginning of the question, prepare the table assuming that the ompany used double-declining-balance depreciation. Year 2017 2018 2019 2020 Year 2017 2018 2019 Net Book Value at the Beginning of the Year $70000 $35000 $17500 2020 11000 Cost of Long-Term Asset $70,000 1) Using the same purchase information and residual value at the beginning of the question, assume that the ompany uses the units-of-production method. The asset can produce one million units. Prepare the depreciation able. $70,000 $70,000 $70,000 Depreciation Expense $35000 $17500 $6500 $0 Units Produced 210,000 $12390 140,000 $ 120,000 $ 360,000 $ Accumulated Depreciation $ 35000 $52500 $59000 Depreciation Expense 59000 $12390 $ LA LA $ LA Net Book Value at the End of the Year $ Accumulated Depreciation $ 35000 $17500 $11000 11000 Net Book Value $ LA $ 57610