5 of 7 (4 completely E11-14 (similar to) HW Score: 57.14%, 4 of 7 p Question Help Kabal Koal Company, Inc. an IFRS reporter purchased a new mining machine at a total cost of $1.440.000 on the first day of fiscal year. Theming machine has two components casing and engre $1.200.000 alocated to the engine, which has a year useful life and $75,000 salvage value $100.000 is located to the causing which has a 10-years and no savage at the stra n e methods Read the rourements Requirementa. Prepare the depreciation schedule for the machine Begin by preparing the depreciation schedule for the engine Round all amounts to the nearest Whole food aduste depreciation expense for expense toane at an ending book value equal to the scrap Depreciation Expense End-of-Year Accumulated Depreciation Original Cost End-of-Year Net Book Value Requirements a. Prepare the depreciation schedule for the machine b. Kabar Koal sells the mining machine for $813.500 at the end of year 3 What is the gain or loss on the sale? Enter any number in the edit fields and then click Check Answer Print Done 2 parts E11-14 (similar to) Question Help Kabal Koal Company, Inc., an IFRS reporter, purchased a new mining machine at a total cost of $1.440.000 on the first day of its fiscal year. The mining machine has two components casing and engine $1.260,000 is allocated to the engine, which has a six-year useful life and $75,000 salvage value $100.000 is located to the casing, which has a 10-year useful ife and no salvage value. The straight-line method is used Road the requirements Requirement a. Prepare the depreciation schedule for the machine Begin by preparing the depreciation schedule for the engine. (Round all amounts to the nearest whole dollar If needed, adjust the depreciation expense for year to arrive at an ending book value equal to the scrap Original Depreciation Expense End-of-Year Accumulated Depreciation End-of-Year Net Book Value (NBV) Cost Enter any number in the edit fields and then click Check Answer mining machine at a total cost of $1,440,000 on the first day of its fiscal year. The mining machine has two components: casing and engine. $1,260,000 i 5,000 salvage value $180,000 is allocated to the casing, which has a 10-year useful life and no salvage value. The straight-line method is used. achine. (Round all amounts to the nearest whole dollar. If needed, adjust the depreciation expense for year 6 to arrive at an ending book value equal to the scrap .X i Requirements d-of-Year cumulated preciation End-of-Year Net Book Value (NBV) a. Prepare the depreciation schedule for the machine. b. Kabat Koal sells the mining machine for $813,500 at the end of year 3. What is the gain or loss on the sale? Print Done