Pty Ltd purchased Equipment on 1 Jamary 2017, at a cost of $5,400,000 ples GST The Equipment is of 8 years with an expected residiaal value of $540,000 Equipment was made at a cost of $756,000 plus GST Due to this overhaul, the useful life was estimated to be lue estimated to be around $270,000 The Carrying amount cost of parts replaced was considered to be $675 ds on 31 December for Racing Yachts Pty Ltd. Debit/Credit, prepare General Journal entries to record the following.] 2017 ar 1 January 2021. (Narrations are not required). 10pt AV Lv Z a