Ch. 9 Homework 6 Required Information PA9-3 Ana 9-3, LO 9-6 tThe following information applies to the questions displayed below] Precision Construction entered into the following transactions during a recent year anuary 2 Purchased a bulldozer for s2se,eee by paying $2e,eee cash and signing a sz3e,eee note due in five years. P40 3 AnDying nd Rcoran Longlived Auseayer eprect o 2 10 Part 2 of 2 points January 3 Replaced the steel tracks on the bulldozer at a cost of sze,eee, purchased on account. The new steel tracks increase the bulldozers operating efficiency January se wrote a check for the anount owed on account for the work conpleted on January 3. February 1 Repaired the leather seat on the bulldozer and wrote a check for the full ssee cost. Harch 1 Paid $3,6ee cash for the rights to use computer software for a two-year period. Print PA9-3 Part 1-b to3 References 1-b. Prepare the journal entries for each of the above transactions 2. For the tangible and Intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $40,000 residual value 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 Complete this question by entering your answers in the tabs below. Req 18 Req 2 Req 3 Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Date March 31 Depreciation Expense 27,000 150 Licensing Rights Licensing Rights 150 27,000 C Req 2