1. Nana Factory purchased a new equipment for their plant on July 1, 2019. The new equipment had a cost of $100,000, estimated salvage of $20,000 and an expected usefullife of 10 years (20 marks) Required: a. Prepare the journal entry for the December 31, 2019 and 2020 amortization. Note:Nana Factory uses the straight-line method of depreciation. b. What is the carrying value of the new equipment on December 31, 2020 C. If you were a new accountantina company and you were asked to determine how best to depreciate a new machine they just bought, how would you determine the best method? What information would be useful to you in determining the best method