Dec.31Discarded an equipment that was purchased on 1 January, 2018. The equipment costs $20,000 and was depreciated on an 8-year useful life with a residual value of $800. The equipment is depreciated using diminishing-balance method, with a depreciation rate 1.5 times the straight-line rate.

question: journalise this entries and discuss different method lead to the recognition of different amounts of depreciation.

thank you