Current Attempt in Progress

Carla Vista Manufacturing has a December $31$ year end and uses the straight$-$line method for depreciating its equipment and the double$-$diminishing$-$balance method for its trucks. Carla Vista began $2025$ with a single piece of equipment that had been purchased on January $1,2024,$ for $$254,000$ and a truck that had been purchased on January $1,2023,$ for $$158,000.$ When the equipment was purchased, Carla Vista's management had estimated that it would have a residual value of $$14,000$ and a useful life of $5$ years. When the truck was purchased, management determined that it would have a useful life of $4$ years and a residual value of $$29,000.$

On November $21,2025,$ Carla Vista sold the piece of equipment for $$149,000$ cash. The company purchased replacement equipment on November $26$ for $$426,400$ cash. Carla Vista's management determined that the new piece of equipment would have a useful life of $4$ years and a residual value of $$28,000.$

Prepare all necessary journal entries for the year ended December $31,2025.($Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record depreciation expense$)$

$($To record sale of equipment$)$

$($To record depreciation expense on equipment$)$

$($To record depreciation expense on truck$)$