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5 At the beginning of the year. Cruz & Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating.
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At the beginning of the year. Cruz \& Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. A9-1 (Algo) Part 5 Prepare the journal entry to record year 2 units-of-production depreciation expense for Machine B, assuming a capitalized cost of 49,140 , an estimated life of 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round Intermedlete alculatlons. If no entry is requlred for a transactlon/event, select "No Journal Entry Requlred" In the flrst account fleld.) Journal entry worksheet Record the year 2 depreciation expense for Machine B. Note: Enter debits before creditsStep by Step Solution
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