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pla help w both Red Corporation purchased a machine on January 1, 2021 for $10,000. The machine had a salvage value of $2,000, a useful
pla help w both
Red Corporation purchased a machine on January 1, 2021 for $10,000. The machine had a salvage value of $2,000, a useful life of 4 years, and Red uses the straight-line method of depreciation. After one year. Red changes the total useful life of the machine to 6 years rather than 4 years and changes the salvage value to $1.000 instead of $2.000. Red will revise its depreciation, what is the depreciation expense for 2022? $1.600 51200 51.000 $1.400 D Question 34 3.85 pts Calipari Corporation bought a warehouse several years ago for $500,000. On March 1, 2021 sells the warehouse for $275.000. Over the years and to the date of sale, Calipari had accumulated depreciation on the warehouse of $300.000. Determine the amount of gain or loss that Calipari has on the sale of the warehouse. $225.000 loss. $75.000 gain 525.000 loss $75.000 loss Step by Step Solution
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