15+ pages onslow co purchases a used machine for 1.9mb. The machine will be used for six years and have a 34560 salvage value. On December 31 at the end of its fifth year in operations it is disposed of. Purchased a used machine for 178000 cash on January 2. Check also: machine and understand more manual guide in onslow co purchases a used machine for Purchases a used machine for 178000 cash on January 2 and readies it for use the next day at a 2840 cost.
The company predicts the machine will be used for six years and have a 28800 salvage value. On January 3 it is installed on a required operating platform costing 1600 and it is further readied for operations.
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Straight-line depreciation is used.
1 Prepare journal entries to record the machines purchase and the costs to ready and install it. Purchases a used machine for 192000 cash on January 2 and readies it for use the next day at a 10000 cost. Order a Similar Paper HERE Order a Different Paper HERE. Purchased a used machine for 288000 cash on January 2. The company predicts the machine will be used for six years and have a 23040 salvage value. On January 3 Onslow paid 8000 to wire electricity to the machine and an additional 1600 to secure it in place.
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On January 3 Onslow paid 10000 to wire electricity to the machine and an additional 2000 to secure it in place. Onslow paid an additional 1160 on January 4 to secure the machine for operation. Straight-line depreciation is used.
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