Question
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.) Description Date Purchased Cost Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 Machine A Dec. 2, 2022 $145,000 $14,000 10 select a method $40,600 $enter a dollar amount Machine B Aug. 15, 2021 enter a dollar amount 19,000 5 Straight-line 26,000 enter a dollar amount Machine C July 21, 2020 74,000 22,000 8 Double-declining-balance enter a dollar amount enter a dollar amount
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