Hi,

I need help with part (a) And. part (b) second and third entry

plz help me

Carla Vista L.td. purchased a piece of equipment on January 1, 2019, for $1.170,000. At that time, it was estimated that the machine would have a 15-year life and no residual value. On December 31, 2023, Carla Vista's controller found that the entry for depreciation expense was omitted in error in 2020. In addition, Carla Vista planned to switch to double-declining-balance depreciation because of a change in the pattern of benefits received, starting with the year 2023. Carla Vista currently uses the straight-line method for depreciating equipment. Carla Vista Ltd. follows IFRS. (a) Prepare the general journal entries, if any, the accountant should make at December 31, 2023. Ignore income tax effects. (List all debit entries before credit entries. Credit occount 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 of for the amounts. Round the rate of deprecition under double decling bolance method to 5 decimal places, ie. 13.33333\%. Round answers to 0 decimal places, eg. 5.125.) \begin{tabular}{l|l} 31, 2023. \\ Retained Earnings \\ Accumalated Depreciation - Equipment \end{tabular} (To correct for the omission of depreciation expense in 2020) Dec. 31, 2023 Accumulated Depreciation - Equipment (To adjust for change in depreciation method) Dec, 31, Depreciation Expense Accumulated Depreciation - Equipment Your answer is partially correct. Prepare the general joumal entries, if any, the accountant should make at December 31, 2023. Falyor in tax effects. The company has a 25\% tax rate for 2019 to 2023. (List all debit entries before credit entries. Credit occount titler are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round the rate of deprecition under double decling balance method to 5 decimal places, ie. 13.33333x. Round answers to 0 decimal places, eg, 5,125) Deferred Tax Asset Accumulated Depreciation- Equipment (To correct for the omission of depreciation expense in 2020) Dec. 31 2023 Loss on Impairment Accumulated Depreciation - Equipment (To adjust for change in depreciation method) Dec. 31, Depreciation Expense 2023 Accumulated Depreciation - Fquipment