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help pls! At the beginning of the year, Cruz & Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started
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At the beginning of the year, Cruz \& Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Prepare the journal entry to record year 2 units-of-production depreciation expense for Machine B, assuming a capitalized cost o 49,140 , an estimated life of 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round intermediat calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year 2 depreciation expense for Machine B. Note: Enter debits before credits. At the beginning of the year, Cruz \& Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. . Compute years 1 and 2 double-declining-balance depreciation expense for Machine C, which has a cost of $27,100, an estimated life f10 years, and $1,400 residual value. 7. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $27,100, an estimated life of 10 years, and $1,400 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year 2 depreciation expense for Machine C. Notel Entar debits before credits Step by Step Solution
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