12 of 12 View Pulcin Current Attempt in Progress 4.44/20 Crane Productions Carp purchased equipment on March 1, 2021, for $76.000 The company estimated the upment wld have a useful life of three years and produce 12.000 units, with a residual value of $4,000. During 2021, the equipment produced 4700 units On November 30, 2022, the machine was sold for $18.000 and had produced 6.200 units that year (a) Your answer is partially correct Record all the necessary journal entries for the years ended December 31, 2021 and 2022. using the following depreciation methods: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. De not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Round the depreciation rate the double-diminishing balance method to the nearest whole percent, eg 43% and round depreciation per unit in the units of production depreciation method to 2 decimal places, eg 2.25 and final answers to 0 decimal places eg 5.275) (1) Straight-line Date Account Titles and Explanation 2021 Mar. 1 Equipment Cash Dec. 31- Depreciation Expe Accumulated Depreciation Equipment 2022 Nov. 30 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation expense) Nov. 30 Cash Accumulated Depreciation En Displ (To record the sale of machine) Debit Credit (2)Double diminishing balance Date Account Titles and Explanation Debit 2021 Mar 1 24000 20000 22000 18000 2000 14000 74000 Credit 7000 20000 22000 Question 12 of 12 Date Account Titles and Explanation 2021 Mar 1 Exomet Can Dec. 31 Depreciation Expe 2022 Nov. 30 Actuated Depreciation Equipment Nov. 301 (To record depreciation expense) (To record the sale of machine) Units-of-Production 444/20 Debit Credit Date Account Titles and Explanation Debit Credit 2021 Mar 1 Dec. 31 2022 Nov. 30 Nov 30 (To recont depreciation expense) Te and the sale of machine)