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how do you solve this ? Required information PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3) (The
how do you solve this ?
Required information PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3) (The following information applies to the questions displayed below.) At the beginning of the year, Almond Factory 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. Cost of the asset Installation costs Renovation costo prior to use Repairs after production began $9,600 860 780 630 PA9-1 (Algo) Part 5 5. Prepare the journal entry to record year 2 units-of-production depreciation expense for Machine B, assuming a capitalized cos $44,520, an estimated life of 30,000 hours $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round interme calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Step by Step Solution
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