On January 1, 2024. Pharoah Ltd, purchased a piece of machinery for 540000 . At the time, managenent detirmined that the machinery would have a residual value of 54,000 at the end of its 10 -year life. Pharoah tas a Decenber 31 year end and iehes the double-diminishing balance method for depreciation of equamment. IRecond entries in the order displingd in the prublen atathant Entry" for the account tibes and enter 0 for the amounts. List all debit entries before credit entries. Credit account tities are outomabically indented when eciation of equipment (Recond entries in the arder displayed in the problem stotement. Entry" for the account titles and enter. Oo for thed when the amount is entered. Do not indent manually If no entry is requirnd select "No