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3 The following information is available regarding the plant asset 5 6 7 8 Acquisition Cost $130,000 Estimated Salvage Value $15,000 Estimated Useful Life 5
3 The following information is available regarding the plant asset 5 6 7 8 Acquisition Cost $130,000 Estimated Salvage Value $15,000 Estimated Useful Life 5 years Estimated Useful Life 10,000 units 10 Required in 2017, SAS Corporation mixed 1,400 cans of paint and in 2018 the company mixed 2,400 cans of 11 paint. Make the necessary journal entries at December 31, 2017 and December 31, 2018 to record depreciation 12 for each year under the following depreciation methods: 14 1. Straight-line 15 2. Double-declining balance 16 3.Units of Production Show Work Debit Credit 18 Date Account Title 19 31st DecembDepreciation plant asset 23,000 23.000 31December 2018 Depreciation plant asset 23,000 26 27 28 * December 31, 2017 Sheet1 New
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