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Plz help asap Required information [The foliowing information applies to the questions displayed below] Nicole's Getaway Spo (NGS) purchased a hydrotherapy tub system to add
Plz help asap
Required information [The foliowing information applies to the questions displayed below] Nicole's Getaway Spo (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $19,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1,2,300 hours; yeat 2, 2,500 hours; year 3,2,100 hours; year 4,2,100 hours; and year 5,1,000 hours. 2. Assume NGS sold the hydrotherapy tub system for $5,850 at the end of year 3. Prepare the journal entry to account for the disposal. of this asset under the three different methods. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field. Round your final answers to the nearest dollar amount.) Required information [The foliowing information applies to the questions displayed below] Nicole's Getaway Spo (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $19,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1,2,300 hours; yeat 2, 2,500 hours; year 3,2,100 hours; year 4,2,100 hours; and year 5,1,000 hours. 2. Assume NGS sold the hydrotherapy tub system for $5,850 at the end of year 3. Prepare the journal entry to account for the disposal. of this asset under the three different methods. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field. Round your final answers to the nearest dollar amount.) Step by Step Solution
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