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A compary purchused equipinent guine $50.000 cash on the purthase date and agreeing to pay 310,000 ererryear over the next four years. The first payment

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A compary purchused equipinent guine $50.000 cash on the purthase date and agreeing to pay 310,000 ererryear over the next four years. The first payment is due one year after the purchate date. Abefs borrowins rate is ak. The tquipment balance reported on the balance shet as of the purchase date is coseat to. Question 24 Bxing 2021, a company inturred operating expenses amountine to 5100,000 , of which 575,000 was pald in cath the balance wit be patd during 2022 . Which of the following is correct for the 2021 year-end balsce ineet? Question 25 A cempany purchused a piece Mr equipment costing 5125.000 and h deprecuting it assuming a 10 -year life. The residual value was originally expected to be 510.000. At the end af the fifth year, the motor was repaced ia sajor overhaul at a cost of $40.000, The orerhad increased the ethiciency of the equigrent. How much is depreciation expense in the uath year assuming straight-ne depreciation no chance in ertimated useful life and no change in residual value? 11400 Wone of the ahrve. 19500 21500 19.500

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