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Kane Biotech was preparing the annual financial statements and, as part of the year-end procedures, assessed the assets and prepared the following alphabetized schedule based

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Kane Biotech was preparing the annual financial statements and, as part of the year-end procedures, assessed the assets and prepared the following alphabetized schedule based on adjusted values at December 31, 2023. (Do not round intermediate calculotions. Round final answers to nearest whole dollar.) -DOB = Double-declining-balance; SL = Straight-line, Units = Units-of-production; N/A = Not applicable Required: 1. Record any impairment losses at December 31, 2023. Assume Kane Brotech has recorded no impairment losses in previous years: Required: 1. Record any impairment losses at December 31, 2023. Assume Kane Biotech has recorded no impairment losses in previous years Journal entry worksheet Note: Enter debits before credits. 2. Record depreciation for each asset at December 31, 2024. Assume that there was no change in the residual values or useful lives regardless of any impairment losses that might have occurred. The equipment produced 1,850 units during 2024. Journal entry worksheet Record the revised depreciation on equipment. Note: Enter debits before credits. 2. Record depreciation for each asset at December 31, 2024. Assume that there was no change in the residual values or useful lives regardless of any impairment losses that might have occurred. The equipment produced 1,850 units during 2024 . Journal entry worksheet 4 2. Record depreciation for each asset at December 31, 2024. Assume that there was no change in the residual values or useful lives regardless of any impairment losses that might have occurred. The equipment produced 1,850 units during 2024. Journal entry worksheet 4 Record the depreciation on office building. Notes Enter debits before credits. 2. Record depreciation for each asset at December 31, 2024. Assume that there was no change in the residual values or useful ines regardless of any impairment losses that might have occurred. The equipment produced 1,850 units during 2024 Journal entry worksheet

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