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Answer the following and show all work: A) Assuming that the company uses the double-declining balance method for the depreciation of this equipment, how much
Answer the following and show all work:
A) Assuming that the company uses the double-declining balance method for the depreciation of this equipment, how much is the depreciation expense for the year 2021? B) Assuming that the company uses the straight-line balance method for this equipment, how much is the gain or loss from the disposal of the equipment on Mar 31, 2022? And prepare the journal entry to record the depreciation expense for 2021 and record the sale of equipment on Mar 31, 2021.
C) Assuming that the c
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