d ces The balance sheets of HIROE Incorporated showed the following at December 31, 2023 and 2022: December 31, 2023 $ 273,375 Equipment, less accumulated depreciation of $212,625 at December 31, 2023, and $151,875 at December 31, 2022. Required: a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment w acquired, what is the amount of the depreciation expense for 2023? b. Assume the same facts as in part a, and assume that the estimated useful life of the equipment to HIROE Incorporated, is e years and that there is no estimated salvage value. Determine: 1. What the original cost of the equipment was. 2. What depreciation method is apparently being used. 3. When the equipment was acquired. c. Assume that this equipment account represents the cost of 5 identical machines. Prepare the horizontal model and record journal entry for the sale of the machine to calculate the gain or loss on the sale of one of the machines on January 2, 2024 $60,000. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required B3 Required C1 Required C2 Depreciation expense December 31, 2022

$ 334, 125 If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreciation expense for 2023? Required A Required B1 >

Required: a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment acquired, what is the amount of the depreciation expense for 2023? b. Assume the same facts as in part a, and assume that the estimated useful life of the equipment to HiROE Incorporated, is years and that there is no estimated salvage value. Determine: 1. What the original cost of the equipment was. 2. What depreciation method is apparently being used. 3. When the equipment was acquired. c. Assume that this equipment account represents the cost of 5 identical machines. Prepare the horizontal model and record journal entry for the sale of the machine to calculate the gain or loss on the sale of one of the machines on January 2,202 $60,000. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreciation expense for 2023