Moose Jaw Marketplace Company, who has a year$-$end date of March $31,2025,$ disposed of

equipment on March $1,2025.$ The asset had a cost of $$69,531,$ an estimated residual value of

$$10,400,$ an estimated useful life of $6$ years or $11,560$ hours, and accumulated depreciation at the

start of the fiscal year of disposal of $$38,318.$ In the year of disposal, the company used the

equipment for $1,431$ hours. On disposal, they received proceeds of $$30,594.$ There were no

changes to any estimates, and the asset was purchased at the start of the fiscal year two years

previously. Answer the following questions about the disposal, calculating all answers to the nearest

dollar $($unit$-$of$-$production, calculate the rate per unit to three decimal places$)$: $(10$ marks$)$

a$)$ Calculate the amount of depreciation for the equipment in the final year of disposal $(2025)$

using the Double$-$Declining Balance method and provide the journal entry.

b$)$ Calculate the gain$/$loss on disposal of the equipment and provide the journal entry.