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At the end of the current year, the owner's equity in LaRose Corporation is $188,000. During the year, the assets of the business had decreased
At the end of the current year, the owner's equity in LaRose Corporation is $188,000. During the year, the assets of the business had decreased by $90,000, and the liabilities had increased by $36,000. Owner's equity at the beginning of the year must have been: Select one: O a. $62,000 Ob. $314,000 Oc. $494,000 O d. $134,000 e. $126,000 The Hawaii Company purchases a machine on 1/1/21. Details include: $80,000 The Hawaii Company purchases a machine on 1/1/21. Details include: Cost Salvage value Estimated life $80,000 $4,000 10 years Assume Double-declining balance depreciation. Indicate the following amount: Select one: O a. 12/31/22 Book Value $28,800 O b. 12/31/22 Book Value $47,200 OC 12/31/22 Book
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