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Misha Crystal Ball, Inc. installed a manufacturing machine in its production facility at the beginning of the year at a cost of $109,000. The machine's
Misha Crystal Ball, Inc. installed a manufacturing machine in its production facility at the beginning of the year at a cost of $109,000. The machine's useful life is estimated to be 10 years, or 500,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the straight-line method. $16,000. $17,400. $16,900. $18,379. $10,000. Which of the following is not classified as fixed assets? Copyright. Machinery and equipment. Land. Buildings. Land improvements. If a company made a bank deposit on July 31 that did not appear on the bank statement dated July 31, in preparing the Jule 31 bank reconciliation, the company should: Send the bank a debit memorandum. Deduct the deposit from the September 30 book balance and add it to the October 1 book balance. Add the deposit to the book balance of cash. Add the deposit to the bank statement balance. Deduct the deposit from the bank statement balance
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