Kayya Co. piircbases and inslalls a niaebine on .laniiary I, 2014, al a (olal cost of $

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Kayya Co. piircbases and inslalls a niaebine on .laniiary I, 2014, al a (olal cost of $ 105,000. Straight-line dcprccialion is laken each year for four years assinning a seven-year life and no salvage value. Tbe niiicbine is disposed of on .Inly 1,2017, dining ils fiflli year of service. I’repare eniries (o record Ibe partial year's deprecialion on .Inly I, 2017, and lo record (lie disposal under (be following separate assumptions: (I) (be niaebine is sold for $45,500 cash and (2) Kayya receives an insurance selllenient of $25,000 resiilling from die lolal deslriiclioii ol die niaebine in a fire.

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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