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Problem 2 Yo-Yo sold a machine on 11/1/18 for $185,000. The machine was originally purchased on 1/1/16 for $210,000. This mach is depreciated straight fine
Problem 2 Yo-Yo sold a machine on 11/1/18 for $185,000. The machine was originally purchased on 1/1/16 for $210,000. This mach is depreciated straight fine method, zero salvage value, and a 10 year useful fife. Yo-Yo adjusts depreciation annually. Record any necessary entries on II/II\& YOUMUSTSHOW YOUR WORK, WHEREAPPLICABLE, T Problem 3 Refer to Problem 2. Indicate the effect (increase, decrease, no effect) as well as the corresponding dollar amount the above entry(ies) will have on Net Income: Problem 4 Vault Co. sold Land on 6/30/16 for $51,000. The original cost of the land was $55,000. Record the sale of the land. YOU MUSTSHOW YOUR WORK, WHERE APPLICABLE. TO RECEIVE CREDIT
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