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its one question with sub parts. Vita Water purchased a used machine for $122.900 on January 2, 2020. It was repaired the next day at
its one question with sub parts.
Vita Water purchased a used machine for $122.900 on January 2, 2020. It was repaired the next day at a cost of $10,500 and installed on a new platform that cost $1,800 The company predicted that the machine would be used for six years and would then have a $18,320 residual value Depreciation was to be charged on a straight line basis to the nearest whole month A full year's depreciation was recorded on December 31, 2020 On September 30, 2025, it was retired Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation, Assume that cash was paid View transaction list Journal entry worksheet > 1 2 Record purchase of machine Note: Enter debts before credits 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of its disposal (Round intermediate calculations to the nearest whole dollar) View transaction list Journal entry worksheet Step by Step Solution
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