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Buffalo Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company
Buffalo 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 O decimal places, e.g. 5,275.) Date Purchased Residual Value Life in Years Depreciation Method Description Cost Machine A Dec. 2, 2022 $140,000 $18,000 10 Double-declining-balance Machine B Aug. 15, 2021 20,000 5 Straight-line Machine C July 21, 2020 75,800 24,000 8 Double-declining-balance Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 $39,200 $ 27,500
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