Problem 11-6 (Algo) Depreciation methods; partial-year depreciation; sale of assets [LO11-2] On March 31, 2024, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $960,000 to the various types of assets along with estimated useful lives and residual values are as follows: On June 29, 2025, equipment Included In the March 31, 2024, purchase that cost $96,000 was sold for $76,000. Herzog uses the stralght-line depreclation method for bullding and equipment and the double-declining-balance method for vehicles. Partial-year depreclation is calculated based on the number of months an asset is in service. Required: 1. Compute depreciation expense on the bullding, equipment, and vehicles for 2024. 2. Prepare the journal entries to record the depreclation on the equipment sold on June 29, 2025, and the sale of equipment. 3. Compute depreclation expense on the bullding, remaining equipment, and vehicles for 2025 . Complete this question by entering your answers in the tabs below. Compute depreciation expense on the building, equipment, and vehicles for 2024 , Note: Do not round intermediate calculations. Problem 11-6 (Algo) Depreciation methods; partial-year depreciation; sale of assets [LO11-2] On March 31, 2024, the Herzog Company purchased a factory complete with vehicles and equipment, The allocatlon of the total purchase price of $960,000 to the varlous types of assets along with estimated useful lives and resid ti vilues:are as follows: On June 29, 2025, equipment Included in the March 31, 2024, purchase that cost $96,000 was sold for $76,000. Herzog uses the stroight-line depreclation method for bullding 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. Requlred: 1. Compute depreciation expense on the bullding, equipment, and vehicles for 2024. 2. Prepare the joumal entries to record the depreclation on the equipment sold on June 29, 2025, and the sale of equipment. 3. Compute depreciation expense on the bullding, remaining equipment, and vehicles for 2025 . Complete this question by entering your answers in the tabs below. Prepare the joumal entres to record the depreciation on the equipment sold on June 29, 2025, and the sale of equipment. Wwat. It no entry is required for a transaction/event, select "No journal entry required" in the first, account field. Do not round intermeithate caiculations. Round your final answers to nearest whole dollar. Problem 11-6 (Algo) Depreciation methods; partial-year depreciation; sale of assets [LO11-2] On March 31, 2024, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $960,000 to the varlous types of assets along with estimated useful lives and residual values are as follows: On June 29, 2025, equipment Included in the March 31, 2024, purchase that cost $96,000 was sold for $76,000. Herzog uses the straight-1ine depreciation method for bullding and equipment and the double-declining-balance method for vehicles. Partlal-year depreciation is calculated based on the number of months an asset is in service. Required: 1. Compute depreciation expense on the bullding, equipment, and vehicles for 2024 . 2. Prepare the joumal entnes to record the depreclation on the equipment sold on June 29, 2025, and the sale of equipment. 8. Compute depreciation expense on the bullding, remaining equipment, and vehicles for 2025. Complete this question by entering your answers in the tabs below. Campute deprecation expense on the building, remaining equipment, and vehicles for 2025. fure tiv nut ruand intermediate caloulations