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thank you! Machine No. 1795 's life was predicted to be four years with a trade-in value of $9,900. Double-declining-balance depreciation on this machine was

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Machine No. 1795 's life was predicted to be four years with a trade-in value of $9,900. Double-declining-balance depreciation on this machine was recorded each December 31. On October 2, 2024, it was traded for Machine No. BT-311, which had an installed cash price of $682,000, the machine's fair value. A trade-in allowance of $10,000 was received for Machine No, 1795, and the balance was paid in cash. It was estimated that Machine No. BT-311 would produce 200,000 units of product during its five-year useful life, after which it would have a $20,000 trade-in value. Units-of-production depreciation was recorded for the machine for 2024 , a period in which it produced 41,000 units of product. Between January 1, 2025, and August 21,2027 , the machine produced 116,000 more units. On August 21, 2027, it was sold for $82,900. Required: Prepare journal entries to record: (Round intermediate calculations to the nearest whole dollar.) a. The depreciation expense recorded to the nearest whole month on the first December 31 of each machine's life. (Round the final answers to the nearest whole dollar.) Record depreciation for Machine 1550. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Dec 31, 2020 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Note: Enter debits before credits. Record depreciation for Machine BT-311. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Dec 31,2024 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}

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