The Super Corporation purchased equipment on 1 February, 2019, for $110,000. It is estimated that the equipment will have a $10,000 residual value at the end of its 6-year useful life. It is also estimated that the equipment will produce 110,000 units over its 6-year life. The reporting period ends on 30 June. Ignore GST.

1) If 9,000 units of product are produced in the financial year ended 30 June 2019. Prepare the journal entry to record depreciation expense for the year ended 30 June 2019. The company uses the units-of-production depreciation method. What is the carrying amount of the equipment at 30 June, 2020? The company uses the straight-line method of depreciation.