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Assume a Company acquired equipment on January 1,2020, for SAR 50,000 . This equipment is being depreciated on a straight-line basis over its 5-year useful life. There is no residual value at the end of the 5 -year period. The appraised value of the equipment approximates the carry amount at December 31, 2020 and 2022. On December 31,2021 , the fair value of the equipment is determined to be SAR25,000. Instructions (a) Prepare the joumal entries for 2020 related to the equipment. (b) Prepare the joumal entries for 2021 related to the equipment. (c) Determine the amount of depreciation expense that ABC will record on the equipment in 2022