Someone help Please

Problem 6-30 (Algo) Determine depreciation method used and date of asset acquisition; record disposal of asset LO 63,66 The balance sheets of HIROE Incorporated showed the following at December 31,2023 , and 2022 : Required: a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreciation expense for 2023 ? b. Assume the same facts as In part a, and assume that the estimated useful Iffe of the equipment to HIROE Incorporated, Is eight years and that there is no estimated salvage value. Determine: 1. What the original cost of the equipment was. 2. What depreclation method Is apparently being used. 3. When the equipment was acquired. c. Assume that this equipment account represents the cost of 10 identical machines. Prepare the horizontal model and record the Journal entry for the sale of the machine to calculate the gain or loss on the sale of one of the machines on January 2 , 2024 , for $3,950. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Assume that this equipment account represents the cost of 10 identical machines. Prepare the horizontal model for the sale of the machine to calc Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Problem 6-30 (Algo) Determine depreciation method used and date of asset acquisition; record disposal of asset LO 6-3, 6-6 The balance sheets of HIROE Incorporated showed the following at December 31,2023 , and 2022: Required: a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreclation expense for 2023 ? b. Assume the same facts as in part a, and assume that the estimated useful IIfe of the equipment to HIROE Incorporated, Is elght years and that there is no estimated salvage value. Determine: 1. What the original cost of the equipment was. 2. What depreciation method is apparently being used. 3. When the equipment was acquired. c. Assume that this equipment account represents the cost of 10 identical machines. Prepare the horizontal model and record the Journal entry for the sale of the machine to calculate the gain or loss on the sale of one of the machines on January 2 , 2024, for $3,950. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Assume that this equipment account represents the cost of 10 identical machines. Prepare the journal entry for the sale of the machine to calculate the gain or loss sale of one of the machines on January 2,2024 , for $3,950. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field