Ivanhoe Productions Corp. purchased equipment on March 1, 2021, for $ 82,000. The company estimated the equipment would have a useful life of three years and produce 10,000 units, with a residual value of $ 10,000. During 2021, the equipment produced 4,700 units. On November 30, 2022, the machine was sold for $ 18,000 and had produced 6,000 units that year. (2) Double-diminishing-balance Date Account Titles and Explanation Debit Credit 2021 Mar. 1 Equipment 82000 Cash 82000 Dec. 31 Depreciation Expense 54,667 Accumulated Depreciation - Equipment 54,667 2022 Nov. 30 Depreciation Expense 27840 Accumulated Depreciation - Equipment 27840 (To record depreciation expense) Nov. 30 Cash 18000 Accumulated Depreciation - Equipment 67,827 Equipment 82000 Gain on Disposal 3827 (To record the sale of machine)