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 calculations. Round final answers to nearest whole dollar.) 'DDB = Double-declining balance, SL = Straight-fine, Units = Units-of-production, N/A = Not applicable Required: 1. Record any impairment losses at December 31, 2023. Assume Kane Biotech has recorded no impairment losses in previous years. - Record depreciation for each asset at December 31, 2024. Assume that there was no change in the residual val ves regardless of any impairment losses that might have occurred. The equipment produced 2,800 units during 2 Journal entry worksheet Record the revised depreciation on equipment. Note: Enter debits before credits. Jessica Grewal decided to open a food truck business, the Samosa Shack. She encountered the following transacti managing her equipment over the first 2 years of her business. April 1, 2021 October 1, 2021 December 31, 2021 April 1, 2022 December 31,2022 March 31, 2823 Purchased food truck for $69,000 and paid $6,909 to have a commercial oven installed. that she incurred are $6,900 for insurance on the truck for the first year, and $3,006 the truck painted with her Samosa Shack logo. Jessica estimates that the truck would 1 and have a $12,000 residual value. The oven is also expected to last 5 years and have residual value. The oven broke down and cost $1,800 to repair. Recorded the adjusting entry for depreciation and insurance. Replaced all of the tires with all-season tires for $2,400 and paid another year of in $6,900. Recorded the adjusting entry for depreciation and insurance. Jessica was exhausted from the food truck business, and decided to go back to school food truck to her friend Mark. He paid her \$33,000 for the truck and oven, which inclu for the oven component. Note. The company calculates depreciation using the straight-line method to the nearest month