ISBN 9780995326668

D E F G H M N O PO R S T Brown Company paid cash to purchase the assets of Coffee Compan on January 1, 2019 Information is as follows: Total cosh paid $3.500.000 Assets Boquired: Land Seo0.000 Building 360000O Machinery 3900.000 Patents S600.000 The building is depreciated using the double-declining balance method. Other information is: Solvoge value $50.000 Estimated useful life in years The machinery is depreciated using the units of production method. Other information is Salveg value. Percentage of cost 1096 Estimated total production output in 200.000 Actual production in units was 2019 40.000 2020 SU JUO 2021 20.OOO The potente mortized on straight line basis They have Resolve Estimated useful life of potentsin 30 On December 31, 2020. the value of the potents WOS Ostinted to be 5 100.000 Where Applicable, the company Uses the year rute to calculate depreciation and mortation expense in the years of acquisition and disposil yemeni December 31. The machinery Wes traded on December 2. 2021 for new machinery Other information is Firvelue of old machinery 5260.000 TrodellowBNO RODO List prior now chinery Estimated useful life of Wohinery in Estimated vegevou of new The new winery is deprecated using the stretcht-linethod and On AUGUSE 11. 2023. On addition was made This amount WOS material. Other relevant information is as follows: Amount of addition, pmidin cash 5 100 OOD Number of you of useful life from 2023 original machinery and addition) 30 Salvage value. percentage of addition Required Prepare journal arties to record The purchase of the set of Coffee Deprecation and amortization Open on the purchaseet for 2015 The doceny invalue of the potent Debat The trade of hot machinery On purchase now Depreciation on the new machinery for 2021 Cost of the cition to the machinery ORALOUS 14.2022 Depreciation on the new machinery for 202 NOTOON Required Jnl. Entries Copyright Type here to search E