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Expenditures After Acquisition (need help please) Expenditures After Acquisition Roanoke Manufacturing placed a robotic arm on a large assembly machine on January 1. At that
Expenditures After Acquisition
Expenditures After Acquisition Roanoke Manufacturing placed a robotic arm on a large assembly machine on January 1. At that bime, the assembly machine was expected to last another 3 years. The following information is avallable concerning the assembly machine. The robotic arm cost $210,000 and was expected to extend the useful life of the machine by 3 years. Therefore, the useful ife of the assernbly machine, after the arm replacement, is 6 years. The assembly mechine is expected to have a residual value of $114,000 at the end of its useful life. Required: 1. Prepare the journal entry necessary to record the addition of the robotic arm. If an amount box does not require an entry, leave it blank: 2. Combute the revisod amount of depreciation expense for the machine using the straight-ine method. Prepore the necessary journal entry to record depreciation expense. If an amount box does not requine an entry, leave it blank: Dec. 31 3. What is the book valum of the machine at December 3s (need help please)
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