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For Questions 41-45, refer to below problem: Kiwi company issued a 2.5% promissory note payable in 3 equal annual installments to purchase machinery with
For Questions 41-45, refer to below problem: Kiwi company issued a 2.5% promissory note payable in 3 equal annual installments to purchase machinery with a depreciable value of 3,000,000 on October 31, 2021. Interest expense relating to the promissory note was 16,650 for 2021. Unadjusted accumulated depreciation on December 31, 2022 amounted to 100,000. Question 41 How much was the cost of the machinery? Blank 1 Blank 1 Add your answer Question 42 How much is the machinery's salvage value? Blank 1 Blank 1 Add your answer Question 43 What was the estimated useful life of the machinery in years? Blank 1 1 Point 1 Point 1 Point Blank 1 Add your answer Question 44 How much is adjusted accumulated depreciation on December 31, 2022? Blank 1 Blank 1 Add your answer Question 45 How much is adjusted depreciation expense on December 31, 2022? Blank 1 Blank 1 Add your answer 1 Point 1 Point
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