SPI-W Inc. has decided to sell all its assets in their southern plant located in Alabama. On October 1, 2021, the following sale of the assets occurred: Land Building Equipment Furniture $1,500,000 $2,000,000 $2,500,000 $120,000 The following is the excerpt from SPI-A financial records: Accumulated Depreciation Asset Land Building Equipment Furniture Acquisition Cost $1,000,000 $1,550,000 $3,000,000 $225,000 $750,000 $1,500,000 $125,000 a) Prepare journal entries for each of the disposed assets. (12 marks) b)After preparing the entries explain how these will affect the financial statements of SPI-A Inc. (3 marks) c) Meanwhile back in Canada, SPI-W Inc. purchased a new asset for $1,025,000. The asset has a 15-year estimated useful life and a residual value of $50,000. Prepare a depreciation schedule for the first three (3) years of the estimated life using the straight-line method and the double declining balance deprecation method. (6 marks) d) In question (C) what should be considered by management to decide which depreciation method to use. (4 marks) Use the following table for part (a): Date Account and Explanation Debit Credit Date Account and Explanation Debit Credit Use the following table for part (c): End of Year Depreciation Exp. Accumulated Depreciation Book Value