On $10/15/2022,$ Punctual Transporters, which operates a calendar year, was offered a package of assets from LMK Travelers that was in liquidation. The items acquired were:

Item Cost in Seller's Books Expert Valuation

Land $$310,000$ $$325,000$

Building $650,000830,000$

Equipment $215,000185,000$

On $10/20/2022,$ the purchase of the package was agreed for $$1,500,000$ cash. Punctual Transporters sought expert valuation of the above assets and received the above estimates on $10/22/2022.$ The price of the acquired assets was paid and recorded on $10/25/2022.$

Required: a$).$ Record the costs of the acquired assets in the books of Punctual Transportation. Based on the cost of the equipment above, its estimated useful life is put at $12$ years and a residual value of $$7,000.$ The company uses the double$-$declining method of depreciation for its buildings, and the units of production method for machinery and equipment, based on the recommendation of the manufacturers. The equipment was commissioned on $1/01/2023,$ after spending $$3,500$ on moving and $$45,000$ on installation of the equipment. The manufacturers estimated the equipment to efficiently produce $1,650,000$ units of output during its remaining useful life. The planned annual production units for $2023-2025$ are:

$2023-121,000$; $2024-153,000$; $2025-148,000$

a$)$ Taking the Units of Production method, journalize the annual depreciation charge of the equipment in $2024$ fiscal year only?