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vodomira [7]
3 years ago
6

A company purchased factory equipment on April 1, 2022 for $128,000. It is esti salvage value at the end of its 10-year useful l

ife. Using the straight-line method depreciation expense at December 31, 2022 is:___________.
a. $9.600.
b. $11,200.
c. $8,400.
d. $12.800.
Business
1 answer:
just olya [345]3 years ago
8 0

Answer:

Depreciation expense= $9,600

Explanation:

Giving the following information:

A company purchased factory equipment on April 1, 2022 for $128,000. 10-year useful life.

<u>We weren't provided with the salvage value.</u>

First, we need to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= 128,000/10= 12,800

<u>Now, for 9 months:</u>

Depreciation expense= (12,800/12)*9= $9,600

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A, Offer a guarantee for the customer's complete satisfaction.

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North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line d
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Answer and Explanation:

The Journal entry is shown below:-

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6 0
3 years ago
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vovangra [49]

Answer:

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The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.

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4 0
3 years ago
Read 2 more answers
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