A company purchased a asset for 300,000 on May 1,2018. The salvage value is $30,000 and the total useful life is 5 years.

At the end of 2019, the asset was repaired for $75,000 dollars. This modification added 5 more years to useful life.

The asset was sold on June 1,2021 for $150,000 dollars. The company is using double declining balance method for depreciation.

Prepare all journal entries for this equipment.

Netbook value will be needed and there might be impairment.

Any help and work shown would be appreciated and thumbs up. Thank you.