THE RED MEANS IT IS WRONG$---$ Compute depreciation expense on the building, equipment, and vehicles for $2024.$

Note: Do not round intermediate calculations. Required $1$

Required $2$

Required $3$

Prepare the journal entries to record the depreciation on the equipment sold on June $29,2025,$ and the sale of equipment.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not rour intermediate calculations. Round your final answers to nearest whole dollar.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$June $29,2025,$Depreciation expense,$5,368\backslash$times $,],[,$Accumulated depreciation$-$equipment,,$],[,$Cash,,$],[2,$June $29,2025,$Accumulated depreciation$-$equipment,$10,736\backslash$times $,],[,$Equipment,,$99,000\backslash$times $],[,$Loss on sale of equipment,,$9,264\backslash$times $]]$ Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Compute depreciation expense on the building, remaining equipment, and vehicles for $2025.$

Note: Do not round intermediate calculations.On March $31,2024,$ the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total

purchase price of $$990,000$ to the various types of assets along with estimated useful lives and residual values are as follows:

On June $29,2025,$ equipment included in the March $31,2024,$ purchase that cost $$99,000$ was sold for $$79,000.$ Herzog uses the

straight$-$line depreciation method for building and equipment and the double$-$declining$-$balance method for vehicles. Partial$-$year

depreciation is calculated based on the number of months an asset is in service.

Required:

Compute depreciation expense on the building, equipment, and vehicles for $2024.$

Prepare the journal entries to record the depreciation on the equipment sold on June $29,2025,$ and the sale of equipment.

Compute depreciation expense on the building, remaining equipment, and vehicles for $2025.$