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HOMEWORK Description Machine A Machine B Cost $450 $550 Purchase Date July 1, 2020 Jan 1, 2021 Useful Life 10 Years 5 Years Residual Value

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HOMEWORK Description Machine A Machine B Cost $450 $550 Purchase Date July 1, 2020 Jan 1, 2021 Useful Life 10 Years 5 Years Residual Value $50 $50 Depreciation Method Straight Line Declining Balance Date Sold Jan 1, 2023 Jan 1, 2024 Sales Price $300 $350

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