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helppp Bapco company buys a Platform for $800,000 on January 1,2022. The life of the rig is 10 years and the expected cost to dismantle

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Bapco company buys a Platform for $800,000 on January 1,2022. The life of the rig is 10 years and the expected cost to dismantle the platform at the end of 10 years is $200,000 (present value at 10% is $77,110 ). 10\% is an appropriate interest rate for this company. What expenses should be recorded for 2022 as a result of these events? A. Depreciation expense of $80,000 B. Depreciation expense of $80,000 and interest expense of $7,711 C. Depreciation expense of $80,000 and interest expenso of $20,000 D. Depreciation expense of $87,711 and interest expense of $7,711 At the beginning of 2022, Dana Cor. sold 500 machines at $6,000 each. During 2022, Dana Cor. spent $20,000 servicing the 2-year assurancetype warranties that accompany the machines. Assume that Dana Cor. estimates the total cost of servicing the warranties witt be $55,000 for 2 yoars. The journal entry for recording the assurance-type warranty incurred in 2022 is: A. By recording a debit to sales revenue and a credit to warranty liability. B. By recording a debit to warranty expense and a credit to cash/ inventory. C. By recording a debit to warranty liability and a credit to unearned revenue. D. By recording a debit to warranty expense and a credit to warranty liability

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