Allarco 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, 2015 Date of Deprec Residual Accum. Recoverable Purchase Method* Cost Value Useful Life Deprec. Amount Equipment Apr. 1/10 Units $35,000 $5,000 10,000 units $7,500 $20,000 6,000 N/A 102,000 22,400 56,000 25,60070,000 Asset 7,051 Furniture Land Office building Sep. 2/10 SIL Warehouse Sep. 4/10 SL Jun. 27/10 DDB Feb. 3/10 N/A 10,000 1,000 10 yrs 86,000 76,800 18,000 14 yrs 94,4008,000 18 yrs N/A N/A DDB-Double-declining balance; SL- Straight-line; Units Units-of-production; N/A Not applicable a) Record any impairment losses at December 31, 2015. Assume Allarco Inc. has recorded no impairment losses in previous years General Journal Page GJ1 Effect On Balance Sheet Date Account/Explanation F |Debit Credit b) Record depreciation for each asset at December 31, 2016. 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 2016. Please make sure your final answer(s) are accurate to the nearest whole number General Journal Page GJ1 Effect Orn Balance Sheet Date Account/Explanation F Debit Credit