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PLEASE SOLVE ASAP THANKS ! Complete this question by entering your answers in the tabs below. Compute the acquisition cost of the machine. OConor Compary
PLEASE SOLVE ASAP THANKS ! Complete this question by entering your answers in the tabs below. Compute the acquisition cost of the machine. OConor Compary ordered a machine on January 1 at a purchase price of 560,000 . On the date of delvery, January 2, the company pald $15,000 on the medhine and signed a long term note payable for the balance. On January 3, it paid $600 tor freight on the Required: bccouning equation. 2. Compute the acquhtion rost of the machine. 3. Compune the depteciation expense to be reported for the finstyes! 4. Whit should be the bock value of the machine an the end of the secand year? Complete this question by entering vaur antwers in the tass belew. Complete this question by entering your answers in the tabs below. What should be the book value of the machine at the end of the second year? ( 00 not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Compute the depreciation expense to be reported for the first year. (Do not round intermediate calculations.)
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