QUESTION#$2$

Assume today is December $31,2023.$ A summary of Property, Plant & Equipment for Callahan Auto is as follows:

$1$

Based on the information calculated in Question #$1,$ complete Parts A $-$ C below.

Part A: Calculate Callahan Auto's total $2023$ depreication expense and accumulated depreciation for the year ended December $31,2023$ using the formatting

below.

Part B: Make the Journal Entry to book depreciation for Callahan Auto for $2023.$

Hint: you can make just one entry instead of individual entries for each PP&E item.

Part C: Complete the presentation of Property Plant Equiment in Callahan Auto's Balance Sheet using the formatting below.

Part D: Assume Callahan Auto decides to sell the Building on December $31,2023$ for $$500,000$ after completing the depreciation entry. Complete the journal

entry to record the sale below.