On March 31, 2021, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $1,000,000 to the various types of assets along with estimated useful lives and residual values are as follows:

Asset	Cost	Estimated Residual Value	Estimated Useful Life (in years)
Land	100,000	N/A	N/A
Building	500,000	None	25
Equipment	240,000	10% of cost	8
Vehicles	160,000	12,000	8
Total	1,000,000

On June 29, 2022, equipment included in the March 31, 2021, purchase that cost $100,000 was sold for $80,000. Herzog 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.

Required:

1. Compute depreciation expense on the building, equipment, and vehicles for 202
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. Compute depreciation expense on the building, remaining equipment, and vehicles for 2022.