On March $31,2024,$ the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total

purchase price of $$1,090,000$ to the various types of assets along with estimated useful lives and residual values are as follows:

On June $29,2025,$ equipment included in the March $31,2024,$ purchase that cost $$109,000$ was sold for $$89,000.$ Herzog uses the

straight$-$line depreciation method for building and equipment and the double$-$declining$-$balance method for vehicles. Partial$-$year

depreciation is calculated based on the number of months an asset is in service.

Required:

Compute depreciation expense on the building, equipment, and vehicles for $2024.$

Prepare the journal entries to record the depreciation on the equipment sold on June $29,2025,$ and the sale of equipment.

Compute depreciation expense on the building, remaining equipment, and vehicles for $2025.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

Compute depreciation expense on the building, equipment, and vehicles for $2024.$

Note: Do not round intermediate calculations.