Sunland Corporation traded a used truck (cost $2,200, accumulated depreciation $22,680) for a small computer with a fair value of $4,158. Sunlandalso paid $630 in the transaction. Prepare the joumal entry to record the exchange, assuming the exchange lacks commercial substance. (Credit occourt tutles are outomaticolly indented when amount is entered. Do not indent monualik. If no entry Is required, seiect "No Enity" for the occount titles and enter 0 for the amounts Ust all debit entries beforecredif entries) Your answer is incorrect: Vaughn Company owns equipment that cost \$1,035,000 and tas accarrulated depreciation of $437,000. The expected future net cash fows from the use of the asset are expected to be 5625,000 . The fair value of the equigment is $860,000. Peepare the journal entry, if any, to record the impairment hoss. Of no entry is required, select "No entry for the dccount titles and enter Ofor the anounts. Credit occount titks are outomoticollyindented when amount is entered. Do not indent manuall x. Ust delit entry before credit entry Metlock Compary purchased a new plant asset oa April 1,2025, at a cost of 5742,000 . It was estirnated ta hive a service lifu of 20 years and a salvage value of $57,400 Metlock' accounting period is the calendar year. (a) x Voir answer is incorrict Compute the depeciation for this asset for 2025 and 2026 using the sum of the years: dicits method. (Do not mund intermedlate colcuiotlons. Reund final answen to 0 decimbl ploces, es 45.892.) Depreciation for 2025 Depreciation for 2026 Presented below information related to Esnita Manufacturing Corporation: \begin{tabular}{cccc} Asset & Cost & Estimated Salvage & Estimated Lfe (in years) \\ \cline { 1 - 3 } & $49,400 & $5,300 & 10 \\ A & 32,000 & 4,100 & 9 \\ \hline B & 35,900 & 3,500 & 9 \\ C & 19,400 & 1,900 & 7 \\ D & 23,900 & 3,200 & 6 \\ E & & & \end{tabular} (a) x Your answerisinceriect Compute the rate of depreciation per year to be applied to the plant assets under the corroosite mithod ilound onwer to 2 decinal ploce, es, 483KG Conposite rate 847