A. AHMED Enterprises sold equipment on January 1, 2020 for $12,000. The equipment had cost $70,000. The balance in Accumulated Depreciation at January 1 is $54,000. What entry would AHMED make to record the sale of the equipment "2 marks" B. Ahmad and Mohammad decide to form a partnership. Ahmad invests $25,000 cash and accounts receivable of $20,000 less allowance for doubtful accounts of $3,000. Mohammad contributes $30,000 cash and equipment having a $40,000 book value. It is agreed that the allowance account should be $4,000 and the fair market value of the equipment is $35,000.Prepare the necessary journal entry to record the formation of the partnership. " 4 marks " C. HALA company sold equipment on January 1, 2019 for $10,000. The equipment had cost $60,000. The balance in Accumulated Depreciation at January 1 is $42,000. What entry would HALA make to record the sale of the equipment "2marks" D. The Barnett Clinic purchased a new laser machine on Jan. 1, 2018 for $500,000. The estimated salvage value is $30,000. The laser has a useful life of years and the clinic expects to use it 50,000 hours. "4 marks" Instruction Prepare a depreciation schedule which shows the annual depreciation expense on the machine for its 5 - year life if the company use double-declining-balance method