1 [20 points] Callaho Inc. was preparing the annual financial statements and, as part of the year-end procedures, assessed the assets and prepared the following alphabetized schedule based on adjusted values at December 31, 2024 Paset Residual Actum Racora Furniture Punchin Method Cost Value Useful Life Depred Feb. 4/19 Units $54.000 $6.000 6,000 units $24,000 Aug A Ahoort $15,000 15000 1.000 10 yrs 10413 7,000 Land 07.000 N/A N/A N/A 107.000 Office building Oct. 2/19 SL Warehouse Mar. 4/19 L 87.200 20.000 16 yrs 153.000 0.000 24 yrs 22,050 35,000 120,000 67,000 "DDB Double-declining balance; SL Straight-line; Units Units-of-production: N/A Not applicable a) Record any impairment losses at December 31, 2024. Assume Callaho Inc. has recorded no impairment losses in previous years. Date General Journal Account/Explanation Page 031 Debit Credit Effect On Balance Sheet b) Record depreciation for each asset at December 31, 2025. Assume that there was no change in the residual values or useful lives regardless of any impairment losses that might have occurred. The equipment produced 1,600 units during 2025. Please make sure your final answer(s) are accurate to the nearest whole number. Page GJ Credit Date Deneral Journal AccounuExplanation Debit Effect On Balance Sheet Question 1 [20 points] Callaho Inc. was preparing the annual financial statements and, as part of the year-end procedures, assessed the assets and prepared the following phalenzed schee December 31, 2024 Elesidu Accum, Recoverable Useful Life Deprec Amount $5000 $,000 6,000 units $24,000 $15,000 15,000 1,000 10 yrs Equipmin Furniture Land Feb 419 Units Aug. 28/19 oce Ju2/13 N 10.413 Offre tulding Okt 2h9 SL Whouse Mar 4/19 SL N/A N/A 87,000 57-200 20,000 16 yrs 550000,000 24 yrs 000 N/A 107,000 22,050 67,000 35,000 120,000 Bought-line: Units Units-of-production; N/A Not applicable "DDB Double-declining balance, S a) Record any impairment losses at December 31, 2024 Assume Callaho Inc. has recorded no impairment losses in previous years Cate Effect On nce Sheet b) Record desreciation for sach asset abecember 11, 2025. Assume that there was no change in the residual values or useful Aves regardless of any impairment losses that might equipment produced 1,000 units during Please rake sure your final answer(s) are accurate to the nearest whole number Crudit Effect On Haianne Sheet Galz on Exchange MacBook Air