Sunland Company ltd. buys equipment on January 1.2023 , for $447,000 cash The asset is expected to have a useful life of 12 years and a residual value of $45,000. Sunland prepares financlal statements under IFRS. (a) Youransweris correct. Calculate the amount of depreciation for each of 2023,2024 and 2025 using the straight-line method. Attempts: 1 of 3 used (b) youtanseriscomst Calculate the amount of depredstion for each of 2023,2024 , and 2025 usine the double declining batance method (Round percentase to 2 decimal places es 52.75 and round finel onswers to the noarest dollar, es, 5,275) Assume that the equipment consists of aninput device with a cost of $60,000, residual value of $5,000, and useful life of 5 years; a processor with a cost of $120,000, residual value of $18,000, and useful life of 10 years: and an output device with a cost of $267,000, residual value of $22,000, and usefull life of 12 years. Prepare the ioumal entry to record the purchase on January 1. No Entry" for the occount titles ond enter o for thic amounts Lat oll debit entries before credit contries) (d) Attempts: 0 of 3 used The parts of this question must be completed in order, This part will be available when you complete the part abowe (e) The parts of this question ougt be compteted in order, This part will be aval able when vou conplete the part atove