Casting Crown Construction entered into the following transactions during a recent year: January January January February March 2 Purchased a bulldozer for $220, eee by paying $21,800 cash and signing a $199,eee note. 3 Replaced the steel tracks on the bulldozer at a cost of $22, eee, purchased on account. 30 wrote a cheque for the amount owed on account for the work completed on January 3. 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,100 cost. 1 Paid $8,400 cash for the rights to use computer software for a two-year period. Required: 2. For the tangible and intangible assets acquired in the preceding transactions determine the amount of depreciation and amortization that Casting Crown Construction should report for the quarter that ended March 31 The equipment is deprecated using the double-declining balance method with a useful life of five years and $44,000 residual value. $ Equipment Licensing rights 79,200 3,500 $ ces 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 pl no entry is required for transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the entry for depreciation and amortization