On January 2, 20x4 Xander Corp. received its new equipment, which was installed that day, and wrote a cheque to Caterpillar Inc. for $270,000.

The equipment will be used to produce Gizmos, and the companys COO estimates that a total of 2,000,000 Gizmos can be produced by this piece of equipment over the next 8 years, after which the residual value of the equipment will be $20,000.

During 20x4 Xander produced 180,000 Gizmos.

please answer:

a. Prepare ALL journal entries relating to the equipment for the year ended December 31, 20x4, assuming Xander uses the units-of-production method to depreciate this asset.

b. Assume now Xander uses the diminishing balance method of depreciation at a rate of 30%. Calculate the depreciation expense for the year ended December 31, 20x5. (no journal entries required)

c. Assume Xander uses the straight-line method of depreciation. If the equipment is disposed of on December 31, 20x8 for $70,000, what is the gain/loss on disposal on the sale of the equipment? Assume that the depreciation expense for 20x8 has already been taken.

I WILL LIKE IF YOU ANSWER ALL PLEASE (it's all one question!! please help. these only look long but are quick in calculations), please show your calculations THANK YOU