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Ivanhoe Productions Ltd, purchased equipment on February 1,2024, for $46,200. The company estimated the equipment would have a useful life of three years and would produce 10,000 units, with a residual value of $9,200. During 2024, the equipment produced 5,500 units. On October 31,2025 , the equipment was sold for $9,500; it had produced 4,000 units that year. (a) 2 Your answer is partially correct. Record all the necessary entries for the years ended December 31, 2024 and 2025, for the following depreciation methods: (List all debit entries before credit entries. 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 depreclation rate in the double: diminishing-balance method to the nearest whole percent, es. 43\%. Round depreciation per unit in the units-of-production depreciation method to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 5,275.) (1) Straight-line Question 1 of 3 1.42/3 2025 Oct 31 Depreciation Expense 10278 Accumulated Depreciation - Equipment \begin{tabular}{r} 10278 \\ \hline \end{tabular} (To record depreciation expense) Oct, 31 Cash 9500 Accumulated Depreciation - Equipment \begin{tabular}{|r|} \hline 21583 \\ \hline 15117 \\ \hline \end{tabular} Loss on Disposal Equipment (2) Double-diminishing-balance Question 1 of 3 1.42/3 2025 Jct:31 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) ct. 31 . cash 9500 Accumulated Depreciation - Equipment Gain on Disposal Equipment 46200

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