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it's 2 separate parts of question. part 1 in first 3 pictures and part 2 is in last 3 pictures Presented here are selected transactions

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Presented here are selected transactions for Wildhorse Limited for 2018. Wildhorse uses straight-line depreciation and records adjusting entries annually. Jan, 1 Sold a delivery truck for $19,420 cash. The truck cost $66,900 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $6,220 residual value. Sept.1 Sold computers that were purchased on January 1, 2016. They cost $11,745 and had a useful life of three years with no residual value. The computers were sold for $450 cash. Dec. 30 Retired equipment that was purchased on January 1, 2009. The equipment cost $153,900 and had a useful life of 10 years with no residual value. No proceeds were received. Part 1 Record the above transactions. (Credit account 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 for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1 vate Account Titles and Explanation Debit Credit Jan. 1 Sept. 1 (To record depreciation expense) (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) (To record depreciation expense) (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) (To record the retirement of equipment) Ivanhoe Company purchased equipment on March 27, 2018, at a cost of $264,000. Management is contemplating the merits of using the diminishing balance or units-of-production method of depreciation instead of the straight-line method, which it currently uses for other equipment. The new equipment has an estimated residual value of $8,000 and an estimated useful life of either four years or 80,000 units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following number of units each year: 14,600 units in 2018, 20,600 units in 2019: 19,800 units in 2020; 20,000 units in 2021; and 5,000 units in 2022. Ivanhoe has a December year end. Double-diminishing-balance method: Opening Carrying Amount Year Depreciation Expense Accumulated Depreciation Carrying Amount 264,000 2018 $ 264,000 79,200 $ 79.200 184,000 2019 184,800 73,920 153,120 110,880 2020 110,880 44,352 197,472 66,528 2021 66,528 26,611.20 224083.20 39,916.80 2022 39,916.80 3,991.68 228,074.88 35,925.12 Units-of-production method: - Your answer is partially correct. Compare the total depreciation expense and accumulated depreciation under each of the three methods over the life of the equipment. answers to decimal places, eg. 5,275.) Straight-Line Units-of-Production Double-Diminishing-Balance Total depreciation expense $ 256,000 228,074.88 256,000 Accumulated depreciation 256,000 228,074.88 256,000

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