Yukon Productions Corp. purchased equipment on March 1, 2015, for $69,000. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $7,500. During 2015, the equipment produced 4,900 units. On November 30, 2016, the machine was sold for $20,000 and had produced 5,600 units that year.

*Problem 9-7A (Part Level Submission) Yukon Productions Corp. purchased equipment on March 1, 2015, for $69,000. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $7,500 During 2015, the equipment produced 4,900 units. On November 30, 2016, the machine was sold for $20,000 and had produced 5,600 units that year Record all the necessary entries for the years ended December 31, 2015 and 2016, using the following depreciation methods: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the depreciation rate in the single diminishing-balance method to 2 decimal places, e.g. 0.33% and Round depreciation per unit in the units-of- production depreciation method to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. 5,275.)