part c

Part A 5/5 points (graded) On January 1, 2016, Green Company acquired a machine for cash of $80,700. The company estimates that the machine has a useful life of 5 years and a residual value of 15% of the acquisition price. Use the BSE to record the acquisition cost. Cash Noncash Assets Contra Assets Liabilities Shareholders Equity -80700 80700 Submit You have used 1 of 5 attempts Save Show answer Correct (5/5 points) Part B 3/3 points (graded) Calculate the annual depreciation expense using straight-line depreciation. 13719 13719 Submit You have used 1 of 5 attempts Save Show answer Correct (3/3 points) Part C 0/5 points (graded) On December 31, 2017, Green sold the machine to another company for $37,400 in cash. Use the BSE to record the sale. Cash + Noncash Assets Contra Assets Liabilities Shareholders Equity 37400 -53262 - 15862 X X X X X Submit You have used 1 of 5 attempts Save x Incorrect (0/5 points)