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i need the red color (1) Stellar uses the straight-line method of depreciation. (2) Stellar uses the declining-balance method. The rate used is twice the

image text in transcribedimage text in transcribedi need the red color

(1) Stellar uses the straight-line method of depreciation.
(2) Stellar uses the declining-balance method. The rate used is twice the straightline rate.
(3)

Stellar uses the units-of-activity method and estimates that the useful life of the machine is 23,900 units. Actual usage is as follows: 2017, 4,800 units; 2018, 8,000 units; 2019, 7,100 units; 2020, 2,400 units and 2021, 1,600 units.

Question 9 On January 1, 2017, Stellar SA purchased the following two machines for use in its production process. Machine A: The cash price of this machine was 52,800. Related expenditures included: sales tax 3,100, shipping costs 360, insurance during shipping 100, installation and testing costs 1,300, and 190 of oil and lubricants to be used with the machinery during its first year of operations. Stellar estimates that the useful life of the machine is 4 years with a 5,300 residual value remaining at the end of that time period. The recorded cost of this machine was 181,242. Stellar estimates that the useful life of the machine is 5 years with a 13,942 residual value remaining at the end of that time period. Machine B: Your answer is partially correct. Try again. Prepare the following for Machine A. (Round answers to o decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. The journal entry to record its purchase on January 1, 2017. 2. The journal entry to record annual depreciation at December 31, 2017, assuming the straight-line method of depreciation is used. No. Account Titles and Explanation Debit Credit 1. Equipment 57660 Cash 57660 X 2. Depreciation Expense 13090 Accumulated Depreciati 13090 Calculate the amount of depreciation expense that Stellar should record for Machine B each year of its useful life under the following assumption. (Round answers to 0 decimal places, e.g. 2,125. Round cost per unit to 2 decimal place, e.g. 1.25.) (1) (2) (3) Stellar uses the straight-line method of depreciation. Stellar uses the declining-balance method. The rate used is twice the straightline rate. Stellar uses the units-of-activity method and estimates that the useful life of the machine is 23,900 units. Actual usage is as follows: 2017, 4,800 units; 2018, 8,000 units; 2019, 7,100 units; 2020, 2,400 units and 2021, 1,600 units. 2017 2018 2019 2020 2021 X Straight-line method 33460 33460 33460 33460 33460 Declining-balance method Units-of-activity method

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