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At December 31, 2013 Callaho Inc.'s balance sheet showed plant and equipment information as detailed in the schedule below.Callaho Inc, calculates depreciation to the nearest

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At December 31, 2013 Callaho Inc.'s balance sheet showed plant and equipment information as detailed in the schedule below.Callaho Inc, calculates depreciation to the nearest whole month. Please complete the schedule. Round depreciation per unit of production to the nearest cent.4 Cost Information Depreciation Accum. Dop. Dec. Dep. Expense Accum. Dep. Dec, Description Purchase Date Depreciation Method Cost Residual Life 31, 2013 for 2014 31, 2014 Machinery July 2. 2013 Double-declining 102,000 10,000 5 years balanco There have been no disposals or subsequent capital expenditures on the asset since the date of purchase For simplicity, assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated. On July 1, 2014 Segura Corporation purchased for cash of $60,000 a patent with a useful life of 10 years. Give the entries to record: a. The purchase of the patent. b. The amortization on December 31, 2014 (calculated to the nearest whole month). Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.e. January 15 would be 15/Jan). Ensure accuracy in your calculations and round only your final answer to the nearest whole dollar

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