Vaughn Company shows the following entries in its Equipment account for 2026. All amounts are based on historical cost. Equipment 2026 2026 Jan. 1 Balance 124,900 June 30 Cost of equipment sold 23,920 Aug. 10 Purchases 34,320 (purchased prior to 2026) 12 Freight on equipment purchased 750 25 Installation costs 2,550 Nov. 10 Repairs 460 (a) Your answer is correct. Prepare correcting entry if necessary. (if no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) (b) Account Titles and Explanation Maintenance and Repairs Expense Equipment eTextbook and Media List of Accounts - Your answer is partially correct. Debit 460 Credit 460 Attempts: 3 of 5 used Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2026 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1, 2026, balance was purchased in 2024. (Round answers to O decimal places, e.g. 5,125.) (1) Straight-line $ (2) Sum-of-the-years'-digits $ 13660