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answer both please Question 9 Not yet answered As the market condition changed, The Dorm Company sold a machine. The machine had accumulated depreciation of
answer both please
Question 9 Not yet answered As the market condition changed, The Dorm Company sold a machine. The machine had accumulated depreciation of $44,500 based on a estimated salvage value of $6,000. The machine was sold for $18,000 and a loss of $11,500 was recognized What was the original cost of the machine? Points out of 8.00 Flag question Question 10 Not yet answered Points out of 5.00 An analyst gathered the following data on the balance sheet for a company (s millions): 12/31/2019 12/31/2020 Fixed assets (Gross) $48,000 $48,000 Accumulated depreciation $24,000 $30,000 The average remaining life and the average age of the company's fixed assets at the end of 2020 are closest to: Flag question Select one: a. None of other choloos. b. Average remaining years = 5 years, and Average age - 3 years. c. Average remaining years 5 years, and Average age - 8 years d. Average remaining years = 5 years, and Average age = 8 years e. Average remaining years 3 years, and Average age 8 years. 1. Average remaining years = 3 years, and Average age = 5 years
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