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On June 29,2022 , equipment included in the March 31, 2021, purchase that cost $90,000 wos sold for $70,000. Herzog uses the straight-line depreciation method

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On June 29,2022 , equipment included in the March 31, 2021, purchase that cost $90,000 wos sold for $70,000. Herzog uses the straight-line depreciation method for building and equipment and the double-declining-balance method fof vehicles. Partal-year depreciation is calculated based on the number of months an asset is in service. Required: 1. Compute depreciation expense on the building, equipment, and vehides for 2021. 2. Prepare the journal entries to record the depreciation on the equipment sold on June 29.2022, and the sale of equipment. 3. Compute depreciation expense on the building, remaining equipment, and vehicles for 2022 . Complete this question by entering your answers in the tabs below. Compute depreciation expense on the building, equipment, and vehicles for 2021. (Do not round intermediate calculations.)

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