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On March 31, 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 31, 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 Cost Estimated Residual value N/A ASSE Land Building Equipment vehicles Total $ 105,000 499, cee 290,00 1es, $ 990, none 121 of cost Estimated Useful Life Cyears N/A ze 10 10 $13.eu On June 29, 2022, equipment included in the March 31, 2021, 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. Partiat.year depreciation is calculated based on the number of months an asset is in service cer Required: 1. Compute depreciation expense on the building equipment, and vehicles for 20213 2. Prepare the journal entries to record the depreciation on the equipment sold on June 29, 2022. and the sale of equipment 3. Comoute depreciation expense on the building, remaining equtament and vehicles for 2022 Complete this question by entering your answers in the tabs below Required Required 2 Required 3 the tournal entries to record the capreciation on the equipment sold on June 29 2022, and the role of equipment Country annarra hartline carentes tercuma Testaceustrial. Do not found intermediate at With Journal entry worksheet

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