Please help i only have 25 minutes left to turn it in
Required information [The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,600. The machine's useful life is estimated at 20 years, or 393,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,300 units of product. Determine the machine's secondyear depreciation and year end book value under the straight-line method. Required information [The following information applies to the questions displayed below. ] NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) Champion Contractors completed the following transactions involving equipment. Year 1 Jan. 1 Paid $274,000 cash plus $10,960 in sales tax and $1,900 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $27,400 salvage value. Loader costs are recorded in the Equipment account. Jan. 3 Paid $6,000 to install air conditioning in the loader to enable operations under harsher conditions. This increased the estimated salvage value of the loader by another $1,800. Dec. 31 Recorded annual straight-line depreciation on the loader. Year 2 Jan. 1 Paid $4,200 to overhaul the leader's engine, which increased the leader's estimated useful life by two years. Feb. 17 Paid $1,050 for minor repairs to the loader after the operator backed it into a tree. Dec. 31 Recorded annual straight-line depreciation on the loader. Required: Preparejournal entries to record these transactions and events. View transaction list Journal entry worksheet Paid $274,000 cash plus $10,960 in sales tax and $1,900 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four- year life and a $27,400 salvage value. Loader costs are recorded in the Equipment account. Note: Enter debits before credits. Jan 1, Year 1