QUESTION 4 (10 marks) On April 1. 2015, Thanderbird Co sold a piece of equipment that had cost $35,000 on January 1, 2011. The equipment had a residual value of $5,000, a useful life 10 years, and double-declining- balance depreciation at twice the straight-line rate was used. On December 31, 2014 accumulated depreciation was $20,664. The asset was sold for $14,200. Prepare the journal entry to record depreciation up to the date of disposal of the equipment, and the journal entry to record the disposal of the equipment. Show your calculation for marks Calculation QUESTION 5 (16 marks) A. A company's 18 sales personnel earned salaries of $22.000 during the period March 5-10, all of which were subject to 4.95% CPP and 1665 EL All personnel are entitled to 2 weeks' paid annual vacation. In addition, the company has agreed with its employees to withhold the following amounts: $900 for hospital insurance, 54,400 for federal and provincial income taxes, and $180 for union does. Prepare the March 10 general journal entry to record the payroll (9 marks). Show calculation for marks B. Small Company's 16 sales personnel earned total salaries of $18,000 during the period April 5-10, all of which were subject to 4.95% CPP, 1.66% EL The employees were also entitled to 6% annual vacation pay. Prepare the general journal entries on April 10 to accrue the payroll benefits arising from this payroll (7 marks). Show calculation for marks