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eek S Instructions - READ ME!! | + assignment/4664310050/assessment Return to page 19 Question 19 (1 point) SportsWorld purchased a machine for $190,000. The machine
eek S Instructions - READ ME!! | + assignment/4664310050/assessment Return to page 19 Question 19 (1 point) SportsWorld purchased a machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. SportsWorld estimates that the machine could produce 750,000 units of product over its useful life. In the first year, 95,000 units were produced. In the second year, production increased to 111,000 units. Using the units of production method, what is the amount of depreciation that should be recorded for the second year? a. $26,640 b. $49,440 c. $22,800 d. $36,000 Return to page 20 Question 20 (1 point) On August 1. Droid Co. borrowed $80,000 from Simple Financial The loan had an interest rate of 7% and was due in 60 days. Prepare the journal entry for Droid Co to record the note, a. DR: Note Receivable 580,000 CR: Cash $80,000 b. DR: Cash 580,000 CR Note Receivable 580,000 COR: Cash 580.000 CR Note Payable $80,000 d. DR: Note Payable 580,000 CR: Cash 580,000 Return to page 21 Question 21 point TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year mated that $12.750 of the accounts receivable balances would be uncollectible The Allowance for Doubtful Account 5175. What entry should Tech Com make at the end of the year for the timated bad debts epse
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