10 4+ 19 144 insert prt sc 7 delete 8 9 Y U H J A company purchases a machine for $180,200 on January 1. It has an estimated residual as follows: value of $12,800 and an estimated useful life of 18,000 hours. The machine was used N Year 1 Year 2 5,600 hours yearli 180, 200 Year 3 5,200 hours Year 4 4,700 hours 4,000 hours year 2 : 52080 = 128,120 28,120 Determine the amount of depreciation expense for the FOURTH year. 483 60 797 60 79760 36050 - 43710 A company purchases equipment for $256,800 on January 1. It has an estimated residual yr" as 680 0 value of $18,000 and an estimated useful life of 4 years. The company uses the declining 64200 balance method of depreciation. Determine the amount of depreciation expense for the 1 92600 FOURTH year. 128, 400 64 20 0 gra ) 128, 400 yr 3) 64200 A company purchases equipment for $81,500 on January 1, 2016. It has an estimated residual value of $2,500 and an estimated useful life of 5 years. The company uses the straight-line 36300 method of depreciation. The company sells the equipment on December 31, 2019 after three full years of ownership for $36,300 cash. Determine the amount of gain or loss on the sale. (Enter a loss as a negative number.) 15800 34100 300 2 500 15. After the adjusting entry is made to set up the estimate for uncollectible accounts, Accounts Receivable has a debit balance of $258,100, Note Receivable has a debit balance of $45,000, and Allowance for Doubtful Accounts has a credit balance of $36,100. What is the net realizable value of the Accounts Receivable? $_ 222,000 18 . Your company accepted a 60-day, 6% note for $126,000 from Emory Company on account. On the maturity date, how much does Emory Company pay in cash to pay off the note? $ _ 2 lo The allowance account before adjustment has a debit balance of $5,400. Bad debt expense for the upcoming year is estimated to be 3% of net sales, which are $196,300. What is the amount of the adjusting entry to provide for doubtful accounts? 489 18. The allowance account before adjustment has a credit balance of $2,210. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $55,300 for the