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

purchase price of $$990,000$ 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 $$99,000$ was sold for $$79,000.$ 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.

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

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round

intermediate calculations. Round your final answers to nearest whole dollar.

Journal entry worksheet