Mathematics, 18.01.2020 07:31 mallorytaylor279
On january 1, year 1, scott company purchased a new machine for $220,000. the machine is expected to have an eight-year life and a $20,000 salvage value. on january 1, year 3, scott sold the equipment for $180,000.
do not use dollar signs ($), commas or decimal points in your answers.
1. calculate the annual straight-line depreciation on the machine. blank 1. fill in the blank, read surrounding text.
2. what is the machine's book value at the end of year 2 after the annual depreciation has been recorded? blank 2. fill in the blank, read surrounding text.
3. calculate the gain or loss on the sale of the machine. (use a minus sign to indicate a loss.) blank 3. fill in the blank, read surrounding text.
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On january 1, year 1, scott company purchased a new machine for $220,000. the machine is expected to...
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