On March 31, 2021, Company A purchased a factory complete with vehicles and equipment. The distribution of the total purchase price of $1,500,000 to the various types of assets along with che estimated useful lives & residual values as follows: On June 29,2022 , equipment included in the March 31,2021 , purchase that cost $150,000 and was sold for $120,000. Company A uses the straight-line depreciation method for buildings 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. Complete the following. 1) Find depreciation expense on the building, equipment, and vehicles for 2021. 2) Prepare the journal entries for 2022 to record (a) depreciation on the equipment sold on June 29, 2022, and (b) the sale of the equipment. Round to the nearest whole dollar amount. 3) Find depreciation expense on the building, remaining equipment and vehicles for 2022. \begin{tabular}{l|l|l|} \hline \multicolumn{2}{|c|}{2021} \\ \cline { 2 - 3 } Building & & \\ \cline { 2 - 3 } Cost & & \\ \hline Estimated life & & \\ \hline Straight-line rate & & \\ \hline \% of year depreciated & & \\ \hline 2021 depreciation & & \\ \hline Equipment & & \\ \hline Cost & & \\ \hline Estimated life & & \\ \hline Residual value & & \\ \hline Straight-line rate & & \\ \hline \% of year depreciated & & \\ \hline 2021 depreciation & & \\ \hline Vehicles & & \\ \hline Cost & & \\ \hline \end{tabular} Double-declining balance rate % of year depreciated 2021 depreciation Part 2 Sale of asset Accumulated deprecation 2021 deprecation for equipment sold Cost of equipment sold Estimated life Residual value Straight-line rate % of year depreciated 2022 depreciation \begin{tabular}{l|l|l|l|} \hline 022 journal for sale of equipment & Account & & \multicolumn{1}{|c|}{ Debit } \\ Date & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}