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Pharoah Productions Corp. purchased equipment on March 1,2024, for $55,800. The company estimated the equipment would have a usefullife of three vears and produce 10,000

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Pharoah Productions Corp. purchased equipment on March 1,2024, for $55,800. The company estimated the equipment would have a usefullife of three vears and produce 10,000 units, with a residual value of $9,000. During 2024. the equipment produced 4.900 units, On November 30,2025 , the equipment was sold for $18,000 and had produced 6,300 units that year. (a) Record all the necessary journal entries for the vears ended December 31,2024 and 2025, using the following depreciation methods: (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not infent manualfy, If no entry Is required, select "No Entry" for the occount tities and enter O For the amounts. Round the depreciation rate in the double-diminishing balance method to the negrest whole percent, es. 43% and round depreciation per unit in the units-of-production depreciotion method to 2 decimal places, es. 2.25 and final answers to 0 decimal places, eg. 5.275.) Date Account Titles and Explanation Debit Credit 2024 Mar. 1 Dec. 31 2025 Nov, 30 (To record depreciation expense) Nov, 30 (2) Double-diminishing-balance 2025 Nov. 30 (To record depreciation expense) Nov, 30 (To record the sale of equipment) (3) Units-of-production tallinits-nf-nroduction

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