send it to expert The straight$-$line method of depreciation is used for depreciation. The company applies IFRS.

Round numbers to the nearest dollar.

Required

a$)$ Prepare the journal entry to record the acquisition of the asset on January $1,2024.$

b$)$ Prepare the required adjusting entries on December $31,2024$ and December $31,2025.$

c$)$ Assume that on January $1,2030,$ the asset's retirement costs are re

The discount rate remains the same.

Prepare the journal entry to record this change on January $1,2030$ and calculate the depreciation expense to be recorded on December $31,2030($no journal entry required for the depreciation$)$