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On January 16 2019 Dallas Microchip Company purchased land, building, machinery, and improvements to the building which has an appraised value of $800,000, for $600,000.

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On January 16 2019 Dallas Microchip Company purchased land, building, machinery, and improvements to the building which has an appraised value of $800,000, for $600,000. The appraised and salvage values, and the estimated useful asset lives are as follows: ASSET APPRAISED VALUES SALVAGE VALUE USEFUL LIFE Land $ 160,000 Building $ 360,000 Building Improvements $ 80,000 Net Building Machinery $ 440,000 10 Years $ 20,000 10 Years $ 200,000 $ 800,000 a. What Plant Property, and Equipment Asset Values should be recorded for the $600,000 purchase on Dallas Microchip's Balance Sheet? b. What is the Annual Depreciation Expense for the NET BUILDING for 2019 reported on L December 31, using a) Straight Line? b) Double Declining Balance? and, c) Sum of the Year's Digits methods ? c. What is the Annual Depreciation Expense for the MACHINERY for 2019 recognized on December 31, using Straight line Depreciation

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