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ABC Catering Service purchased equipment on January 1, 2018, for $19,200. Suppose ABC Catering Service sold the equipment for $14,000 on December 31, 2020. Accumulated
ABC Catering Service purchased equipment on January 1, 2018, for $19,200. Suppose ABC Catering Service sold the equipment for $14,000 on December 31, 2020. Accumulated Depreciation as of December 31, 2020, was $8,889. Journalize the sale of the equipment, assuming straight-line depreciation was used First, calculate any gain or loss on the disposal of the equipment Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Now, journalize the sale of the equipment. (Record debits first, then credits. Select Date Accounts and Explanation explanation on the last line of the journal entry table) Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question On January 1, 2018, Tyson Manufacturing Company purchased a machine for $40,000,000. Tyson's management expects to use the machine for 31 000 hours over the next six years The estimated residual value of the machine at the end of the sixth year is $40.000. The machine was used for 4400 hours in 2018 and 6.000 hours in 2018. What is the depreciation expense for 2018 the company uses the units-of-production method of depreciation? Round any intermediate calculations to two decimal and your final e n dollar) O A $13,533.333 OB. 57850,340 OC. $5,756,916 OD. $5,762,592 Of 2018 under the mine the per unit mated production ho ciation per unit ons with Brainly Plus ACI O M 8 09 W22x10 EBLO
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