Q$1.$ A company's property records revealed the following information about its plant assets:

Machine No$.$ Cost Salvage Value Purchase Date Depreciation Method and Estimate Life

$124,000$ SAR $4,000$ SAR $1/1/2023$ Straight$-$line $(4$ years$)$

$230,000$ SAR $1,500$ SAR $1/1/2023$ Double$-$declining$-$balance $(5$ years$)$

Calculate the depreciation expense for each machine for the year ended December $31,2023,$ and for the year ended December $31,2024.$Q$1.$ A company's property records revealed the following information about its

plant assets:

Calculate the depreciation expense for each machine for the year ended December

$31,2023,$ and for the year ended December $31,2024.$

Q$2.$ What are the classes of liabilities and provide some examples?

Q$3.$ On $06$ Jan $2024,$ Aramco declared to distribute $1\mathrm{.}5$ SAR per share as a cash dividend. The common shares outstanding for Aramco is $3,000,000$ shares. The dividend will be paid on $08$ April $2024$ to stockholders of record on $14$ March $2024.$

Prepare the company's journal entries for cash dividend.