On March $1,2023,$ Sunland Ltd$.$ purchased a machine for $$63,000$ by paying $$21,000$ down and issuing a note for the balance. The

machine had an estimated useful life of nine years and an estimated residual value of $$6,300.$ Sunland Winds uses the straight$-$line

method of depreciation and has a December $31$ year end. On October $30,2025,$ the machine was sold for $$59,000.$

Assume instead that the company used the double$-$diminishing$-$balance method to depreciate the cost of the

machine:

What amount of depreciation would be recorded in $2023$ and $2024?($Hint: prorate the annual depreciation

amounts.$)($Round depreciation rate to $2$ decimal places, e$.$g$.15\mathrm{.}25\%$ and final answers to the nearest whole dollar, e$.$g$.$

$5,275.)$

c Assume instead that the company used the double$-$diminishing$-$balance method to depreciate the cost of the machine:

What journal entries would be required to update the depreciation and record the sale of the machine on October $30,2025?$

$($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Round depreciation rate and intermediate calculations to $2$ decimal places, e$.$g$.$

$15\mathrm{.}25\%$ and final answers to the nearest whole dollar, e$.$g$.5,275.$ List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Oct. $30,$

$2025$

$($To record depreciation expense$)$

Oct. $30,$

$2025$

$($To record sale of machine$)$