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please answer all the questions ASAP! Pharoah Company bought machinery on January 1, 2009, at a cost of $ 104,000. The machinery had an estimated

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Pharoah Company bought machinery on January 1, 2009, at a cost of $ 104,000. The machinery had an estimated life of 8 years and salvage value of $ 17,920. On January 1, 2014, Pharoah estimates that the machinery will have a life of only 2 more years from January 1, 2014, and the salvage value is now estimated to be $4,480. Pharoah uses straight-line depreciation. Compute the annual depreciation expense for 2014. Annual depreciation expense for 2014 Purchase Date Useful Life Sales Price Machine Cost $ 81,700 $ 90,250 #1 Salvage Depreciation Value Method Date Sold $ 5.700 Straight-line 7/1/22 $4,750 Double-declining-balance 12/31/22 7/1/18 1/1/21 5 yrs $ 19.000 $ 35,150 #2 5 yrs (a) Compute the depreciation on each piece of equipment to the date of disposal. Machine #1 Year Annual Depreciation Accumulated Depreciation 2018 $ 15200 $ 15200 2019 15200 2020 15200 2021 15200 2022 0 On September 30, 2022, the company sold old equipment for $ 27,600. The equipment was purchased on January 1, 2020, for $ 57.600 and was estimated to have a $ 9,600 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit ber 30, 2022 Depreciation Expense 56160 Accumulated Depreciation Equipment 56160 (To record depreciation expense for the first 9 months of 2022) Carl 10 DAME INCA 22600 Accumulated Depreciation Equipment 75360 Loss on Disposal of Plant Assets 45360 Equipment 57600 (To record sale of delivery equipment)

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