(C) Cauliflower Limited purchased an equipment at $400,000 on 1 January 2021. It has been depreciated using the double-declining-balance method based on an estimated residual value of $60,000 and an estimated useful life of 4 years. On 31 March 2022, the equipment was sold for $250,000 cash. The year-end of Cauliflower Limited is 31 December. Required: (a) Compute the accumulated depreciation for the equipment as at 31 March 2022. (2 marks) (b) Prepare journal entries to record the disposal of equipment on 31 March 2022. Narration is NOT required. (4 marks) (D) Mia started her retail business this year. She had no accounting knowledge. When she received her first set of financial statements from her accountant, she was so confused with the accounting terms on the financial statements that was so difficult to understand. Required: Discuss whether the information given in the financial statements of Mia's business is useful with respect to the qualitative characteristic of "understandability". (4 marks) [Total marks for Question 3: 25 marks]