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only c1 please On March 1, 2023, Blessam Led, purchaved a machine for $40.000 by paying $18,000 down and Issung a note for the balance.
only c1 please
On March 1, 2023, Blessam Led, purchaved a machine for $40.000 by paying $18,000 down and Issung a note for the balance. The machine had an estimated useful life of nine years and an estimated residual valye of $6,000, Elossom Winds uses the straight-line method of depreciation and has a December 31 year end. On Detober 30,2025 , the machine was yold for 359.000. (a) Prepare the journal entry to record the acesisition of the machine. ICreds account titiet are automaticaly insented when the amount entries before credit entries? Assumite that the depreciation was correctly cakulated and receeded in 2023 and 2024 prepare the joumal entrits to update Assume instead that the compary used the double-timinishing-balance method to depreciate the cost of the machlne: What amount of depreciation would be recorded in 2023 and 2024? (Hint: prorate the annual depreciaticn amounts) (Round depreciation rate to 2 decimal places, es. 15.25% and final onswers to the nearet whole dollar, es. 5,275 . (e) The partsol Afris musseion minet the completed in ordes, This part will be avallable when ynu complete the part above Step by Step Solution
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