Question: Question 4 (Compulsory Question) (4 marks) Stan's Lumber Mill sold one pieces of equipment in 2022. The following information pertains to the one pieces of

Question 4 (Compulsory Question) (4 marks) Stan's Lumber Mill sold one pieces of equipment in 2022. The following information pertains to the one pieces of equipment: Purchase Sales Useful Salvage Depreciation Machine Cost Price Date Life Value Method Date Sold #1 $43,000 $10,000 1/7/18 5 yrs . $3,000 Straight-line 31/3/22 Instructions (a) Compute the depreciation on the equipment to the date of disposal. (b) Prepare the journal entries in 2022 to record 2022 depreciation and the sale of the equipment

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