Theirfarmation that follows relates to equipment owned by Pearl Limited at December 312023. four wean Pevi usesthe stralghteline method of deprediation. Astume that Peart ta a private coepary that fotows ASFE. 2. Frepurettie journdentry to reserd oepeciation westoe for 2024 increase in iar valus Entry for the actoust tites and ester ofor the dmounts (iat all debi e erries beforetnedit entien) andel enter ofor the imounts Iint ad defit entries before credit entries) Tiva information that follows relates to equipment owred by Pearl timited at Decenber a1. 2023 Assurn that Pearl will continue to use this asset in the futsre. As at Oecan bey 31.2023 the equiprent hat a remaineng ucdul hife of four years. Pearf uses the straght dine method of depreciation Assume that Pearl is a mrivate company that folews ASPE 1. Prepare the jounal estry at Decernber3t. 2a23, to record aiset iespinteny if a 2. Preage the joumalentry ta record depreciatich experre for zygh ncrase in iair Value Theinformation that follows rekates to equipment owned by Pearl Limited at Decamber 31, 20e3: Assume that Pearl will continue to use this asset in the future. As at December 31.2023 , the equipment has a remaining useful life of four years. Pearl uses the straight-fine method of depreciation