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A plant asset cost $176000 and is estimated to have a $20000 salvage value at the end of its 5-year useful life. The annual depreciation
A plant asset cost $176000 and is estimated to have a $20000 salvage value at the end of its 5-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be $21969. O $19200 $16719. O $25344 Equipment that cost $148000 and on which $123000 of accumulated depreciation has been recorded was disposed of for $37000 cash. The entry to record this event would include a O credit to Accumulated Depreciation for $123000. credit to the Equipment account for $37000. O gain of $12000 O loss of $12000 Bramble Corp. bought equipment on January 1, 2022. The equipment cost $270000 and had an expected salvage value of $40000. The life of the equipment was estimated to be 4 years. The company uses the straight-line method of depreciation. The book value of the equipment at the beginning of the third year would be $230000 O $270000 O $155000 $115000 A $220 petty cash fund has cash of $50 and receipts of $180. The journal entry to replenish the account would include a credit to O Cash Over and short for $50. O Petty Cash for $170. Cash for $170. O Cash for $180
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