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i need only that answer whic is wrong so plz for part a 141677 is wrong answer and in this only 251852 is wrong a.
i need only that answer whic is wrong so plz for part a 141677 is wrong answer
and in this only 251852 is wrong
a. What was the depreciation for the first year? Round your intermediate calculations to 4 decimal places. Round the depreciation for the year to the nearest whole dollar. Points: 0/1 b. Assuming that the equipment was sold at the end of the second year for $631,697, determine the gain or loss on the sale of the equipment. Equipment was acquired at the beginning of the year at a cost of $637,500. The equipment was lepreciated using the double-declining-balance method based on an estimated useful life of 9 years and an estimated residual value of $43,195 Required: a. What was the depreciation for the first year? Round your intermediate calculations to 4 decimal places. Round the depreciation for the year to the nearest whole dollar. b. Assuming that the equipment was sold at the end of the second year for $631,697, determine the gain or loss on the sale of the equipment. c. Journalize the entry on Dec. 31 to record the sale. Refer to the chart of accounts for the exact wording of the account tities. CNOWjournals do not use lines for journal Instructions Joumal Shaded cells have feedback. rkStep by Step Solution
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