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15 Martes, 22.5 Minutes Equipment acquired with cash on October 1, 2020, at a cost of $750,000, has an estimated useful We of 10 years. There is to be The company has a year end of December 31". The company sold the equipment on June 1, 2012 for $55.000 Instructions Prepare the journal entries related to this equipment on October 1, 2020, December 31, 2020, December 31, 2025, December 31, 2030 and Rune 1, 2012 with both the following methods (a) straight-line method. (b) double diminishing-balance method. Use the space below to answer the above questions. Show your work. Equipment acquired with cash on Odober 1, 2020, at a cost of $750,000, has an estimated useful We of 10 years. The scheme to be The company has a year end of December 11". The company sold the equipment on June 1, 2012 for $55.000 Instructions Prepare the journal entries related to this equipment on October 14, 2020, December 31, 2020, December 31", 2025, December 31" 200 and evt 1, 2032 with both the following methods (a) straight-line method. (b) double diminishing balance method. Use the space below to answer the above questions. Show your work. 15 Marks, 22 5 Minutes Equipment acquared with cash on October 1, 2020, at a cost of $750,000, has an estimated useful le of 10 years. There is somed to be The company has a year end of December 31" The company sold the qument on June 1, 2002 for 155.000 Instructions Prepare the journal entries related to this equipment on October 14, 2020, December 31, 2020, December 31, 2025, December 31, 2030 und Jun 1, 2032 with both the following methods (a) straight line method. (b) double diminishing balance method. Use the space below to answer the above questions. Show your work