Oriole Productions Corp. purchased equipment on March 1, 2021, for $79,000. The company estimated the equipment would have a useful life of three years and produce 10,000 units, with a residual value of $7,000. During 2021, the equipment produced 4,000 units. On November 30, 2022, the machine was sold for $18,000 and had produced 5,900 units that year. 2022 Nov. 30 Depreciation Expense 18000 Accumulated Depreciation - Equipment 18000 (To record depreciation expense) Nov. 30 IT TO Cash Accumulated Depreciation - Equipment TUNA Loss on Disposal Equipment To record the sale of machine (3) Units-of-Production Date Account Titles and Explanation Debit Credit 2021 Mar. 1 Equipment 79000 Cash 79000 Dec. 31 Depreciation Expense UND Accumulated Depreciation - Equipment 2022 Nov. 30 Depreciation Expense 18000 Accumulated Depreciation - Equipment 18000 (To record depreciation expense) Nov. 30 Cash Accumulated Depreciation - Equipment Date Account Titles and Explanation Debit Credit 2021 Mar. 1 Equipment 79000 Cash 79000 Dec. 31 Depreciation Expense 20000 Accumulated Depreciation - Equipment 20000 2022 Nov. 30 Depreciation Expense 22000 Accumulated Depreciation - Equipment 22000 (To record depreciation expense) Nov. 30 Cash 18000 Accumulated Depreciation - Equipment Loss on Disposal 2022 Nov. 30 Depreciation Expense 22000 Accumulated Depreciation - Equipment 22000 (To record depreciation expense) Nov. 30 Cash 18000 Accumulated Depreciation - Equipment Loss on Disposal Equipment (To record the sale of machine) (2) Double-diminishing-balance Date Account Titles and Explanation Debit Credit 2021 Mar. 1 Equipment 79000 Cash 79000 Dec. 31 Depreciation Expense Accumulated Depreciation - Equipment 2022 Nov. 30 DO NOT NOTRE Depreciation Expense 18000 Accumulated Depreciation - Equipment 18000 (To record depreciation expense) Nov. 30 Cash Accumulated Depreciation - Equipment (To record depreciation expense) Nov. 30 Cash Accumulated Depreciation - Equipment TOMO Equipment (To record the sale of machine)