Question

Problem 9-7A a-b (Part Level Submission) Carla Vista Productions Corp, purchased equipment on March 1, 2019, for $72,000. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $10,200. During 2018, the equipment produced 4,900 units. On November 30, 2019, the machine was sold for $10,000 and had produced 5,700 units that year. Your answer is partially correct. Try again. Record all the necessary entries for the years ended December 31, 2018 and 2019, using the following depreciation methods: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round the depreciation rate in the double-diminishing-balance method to the nearest whole percent. e.o. 439 and round depreciation per unit in the units-of-production depreciation method to 2 decimal places, e.g. 2.25 and final answers to o decimal places, e.g. 5,275.) (1) Straight-line Account Titles and Explanation Debit Credit Date 2018 Mar. 1 Tequipment 1 720001 T Cash T T 72000 Dec 31 Depreciation Expense L 17167 Accumulated Depreciation - Equipment 2019 Nov. 30 Depreciation Expense E- IT 18882 I Accumulated Depreciation - Equipment (To record depreciation expense) Nov. 30 Accumulated Depreciation - Equipment 56050 Cash Gain on Disposal 70950 | Equipment JU 72000 [To record the sale of machine)

what is the right answer in the red circle? Also need help with Part B thx

Answer 1

	Ans 1
1) SLM	Accounts Title	Dr	Cr
30-Nov	Accumulated dep-Equipment	$36,050
	Cash	19000
	Loss on Disposal	16950
	Equipment		$72,000
3) Units of Production
30-Nov	Accumulated dep-Equipment	$54,590
	Cash	19000
	GAin on Disposal		$1,590
	Equipment		$72,000
For red ones correct entry is made
	Straight Line	DDB	Units of production
Depreciation expenses
2018	17167	40000	25235
2019	18883	19556	29355
Total dep exp for 2 years	36050	59556	54590
+ loss (or gain) on disposal	16950	-6556	($1,590)
Net expenses per year	53000	53000	53000
If any doubt please comment