Asset	Acquisition Cost	Accumulated Depreciation
Land	$1,000,000
Building	$1,550,000	$750,000
Equipment	$3,000,000	$1,500,000
Furniture	$225,000	$125,000

a) Prepare journal entries for each of the disposed assets.

c) Meanwhile back in Canada, SPI-W Inc. purchased a new asset for $1,025,000. The asset has a 15-year estimated useful life and a residual value of $50,000. Prepare a depreciation schedule for the first three (3) years of the estimated life using the straight-line method and the double declining balance deprecation method.

d) In question (c) what should be considered by management to decide which depreciation method to use.