On January $1,2024,$ Aslo company acquiress an asset for: $$45,000,000$ The company also incurred the following costs:Non$-$recoverable taxes related to the purchase$$453,000$ Legal fees related to the purchase $230,000$ Costs incurred to prepare the asset for its intended use:$$760,000$ All these costs were paid for in cash.According to the management, it was reasonable to estimate the following:Asset's useful life $30$yearsAsset's residual value $$7,600,000$It is also expected that the asset needs to be dismanteled at the end of its useful life. The asset retirement obligation $($ARO$)$ estimates are:ARO expected amount $$12,000,000$Discount rate to be used $4\%$The straight$-$line method of depreciation is used for depreciation. The company applies IFRS.Round numbers to the nearest dollar.Required a$)$ Prepare the journal entry to record the acquisition of the asset on January $1,2024.$b$)$ Prepare the required adjusting entries on December $31,2024$ and December $31,2025.$c$)$ Assume that on January $1,2030,$ the asset's retirement costs are reARO amount $$10,000,000$ Total asset's useful life $25$yearsNew asset's residual value $9,200,000$The discount rate remains the same.Prepare the journal entry to record this change on January $1,2030$ and calculate the depreciation expense to be recorded on December $31,2030($no journal entry required for the depreciation$)$Enter your answer here $($show your work by either using Excel formulas or typing the details of your calculations$)$: