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A machine costs $ 725,000 has an estimated useful life of 5 years. At the end of that time it is estimated to have a
A machine costs $ 725,000 has an estimated useful life of 5 years. At the end of that time it is estimated to have a salvage value of $ 125,000. A- Calculate the total depreciation, the annual depreciation and prepare a depreciation table by the straight line method. B- Prepare the necessary wage entry to record the depreciation expense.
Year | Depreciable amount | depreciation | Accumulated depreciation | Book value |
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5 |
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dATE | DESCRIPTION | PR | DR | CR |
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