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please need help with all four On March 1, 2024, Entity A purchased a ready-mix concrete mixer for $150,000. The machine is expected to last
please need help with all four
On March 1, 2024, Entity A purchased a ready-mix concrete mixer for $150,000. The machine is expected to last 10 years with a $20,000 salvage value. The amount of depreciation expense recognized for the year 2024 would be (round to the nearest dollar if necassary): $12,500$15,000$13,000$10,833 Entity B purchased land to build a pharmacy. It incurred the following costs: What is the amount that should be debited to the Land Improvements (not Land) account? $50,500$550,500$70,000$620,500 A capital expenditure: is an expenditure for the purchase or improvement of a plant asset and increases a company's investment in plant assets. is an expenditure related to the maintenance or repair of a plant asset. should be expensed immediately. should be recorded at fair value, not historical cost. 3 points When an asset is sold, no gain or loss is recognized when the sale price is less than the book value of the asset sold. sale price is greater than the book value of the asset sold. sale price is equal to the book value of the asset sold company replaces the asset with a similar asset Step by Step Solution
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