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ABC Manufacturing Company purchased three machines ( Machine A , Machine B , and Machine C ) on January 1 , 2 0 2 4
ABC Manufacturing Company purchased three machines Machine A Machine B and Machine C on January The company decided to use the SumoftheYears'Digits SYD method to depreciate these machines. The details for each machine are as follows:
Machine A:
Initial Cost:
Salvage Value:
Useful Life: years
Machine B:
Initial Cost:
Salvage Value: P
Useful Life: years
Machine C:
Initial Cost:
Salvage Value: P
Useful Life: years
On July Machine A undergoes a significant upgrade, extending its useful life by additional years and increasing its salvage value to P The cost of the upgrade is P
On October Machine B is partially sold, reducing its remaining book value by
Requirements:
Initial Depreciation Calculation :
Calculate the annual depreciation expense for Machine A Machine B and Machine C for the years and using the SYD method.
MidYear Adjustments:
Adjust the depreciation schedule for Machine A to account for the upgrade in Recalculate the depreciation expense for and subsequent years considering the new useful life and salvage value.
Adjust the depreciation schedule for Machine B after the partial sale in October Recalculate the depreciation expense for and subsequent years.
Consolidated Depreciation Report:
Provide a consolidated depreciation schedule for all three machines from to the end of their respective useful lives, including all adjustments. solve the problem please complete solution
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