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On March 30 2021, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $990,000 to

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On March 30 2021, 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 ASSE USD Building Equipment Vebeles Total Cost $ 105,000 490,000 299, eee 1e5.eee $ 990,000 Estimated Residual Value N/A none 12% of COSE 513,000 Estimated useful Life in years) N/A 20 18 le On June 29, 2022. equipment included in the March 31, 2021. purchase that cost $99.000 was sold for $79.000. Herzog uses the suaight-line depreciation method for building and equipment and the double-declining-botance method for vehicles. Partialsyear depreciation is calculated based on the number of months an asset is to service Required: A compute depreciation expense on the building equipment and venligtet for 2021 2. Prepare the journal entries to record the depreciation on the color cold on June 29, 2022. and the cate or equiment 3. Compute depreciation expense on the building, remaining equipment and vehicles for 2022 Complete this question by entering your answers in the tabs below. Required 2 Rebuired mout proclation expert on the building uipment and vehicle for 2021. not and intermediate calcune Depreciation ERRO

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