Reipl Ltd uses the composite-rate method to record depreciation of its store equipment. On 1January 2016, the company owned the following store equipment (ignore GST):

Item		Cost		Residual value		Useful life
Display cases Cash registers Shopping trolleys Shelving Display racks		$  73000 28000 30000 30000   12000		$3000 8000 6000 2000 1800		10 years 5 years 6 years 7 years 4 years
		$173000

Required

A. Calculate the composite rate for depreciating the store equipment.

B. Prepare the entry to record depreciation expense on 31 December 2016 assuming the store equipment account had a balance of $190 000 at year-end.

C. Prepare general journal entries to record the sale of a display case for $1500. The case had an original cost of $2600.

D. Prepare general journal entries to record the exchange of a cash register with an original cost of $3200 for a new cash register with a cash price of $5000. The company received a trade-in allowance of $1400 for the old register and paid the balance of $3600 in cash.