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On March 1, 2021, Sunshine paid $102,000 for a new copy machine. It was estimated that the machine would produce 850,000 copies over the next
On March 1, 2021, Sunshine paid $102,000 for a new copy machine. It was estimated that the machine would produce 850,000 copies over the next 5 years, at which time it could be sold for $17,000. The copy machine made the following number of copies during its life: It was sold on June 1, 2025 for $18,500. Assume that Sunshine uses the Straight Line method of depreciation. What would the effect be on its 2022 Balance Sheet if Sunshine neglects to use salvage value in its depreciation calculation: A B C
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