Endblast Productions showed the following selected asset balances on December $31,2020$:

${?}^1$ Remaining estimated useful life is eight years with a residual value of $$40,000$; depreciated using the straight$-$line method to the

nearest whole month.

$2^{\text{T}\text{o}\text{t}\text{a}\text{l}\text{e}\text{s}\text{t}\text{i}\text{m}\text{a}\text{t}\text{e}\text{d}\text{u}\text{s}\text{e}\text{f}\text{u}\text{l}\text{l}\text{i}\text{f}\text{e}is}10$ years with a residual value of $$16,000$; depreciated using the double$-$declining$-$balance method to the

nearest whole month.

Required:

Prepare the entries for each of the following. $($Round intermediate calculations to the nearest whole dollar.$)$