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Problem 3 Depreciation (30 points) Bathina Corp purchases a new machine on January 1, 2017 Information on this machine is as follows (year-end is December
Problem 3 Depreciation (30 points) Bathina Corp purchases a new machine on January 1, 2017 Information on this machine is as follows (year-end is December 31st): #VALUE! Salme value #VALUE! Purchase price 10 years Instructions 2. Assume straight-line depreciation is used. During 2021, the company changed the estimated useful life of the machine to sixteen years (ie., through December 31, 2032). The salvage value does not change (a) Calculate depreciation expense to the nearest dollar) for 2021 (5 points) (1) Prepare the journal entry to record depreciation in 2021 (2 points) 4 Protilem Multiple choice Question Problem a o thin 41 41 3. As a continuation from Part 2, assume the machine was sold on December 31, 2025 for the following amount so #VALUE! Prepare the journal entry to record the sale of the machine (4 points) 53 54 55 Problem SVSUID Multiple Choice Questions Problem 3 Depreciation (30 points) Bathina Corp purchases a new machine on January 1, 2017 Information on this machine is as follows (year-end is December 31st): #VALUE! Salme value #VALUE! Purchase price 10 years Instructions 2. Assume straight-line depreciation is used. During 2021, the company changed the estimated useful life of the machine to sixteen years (ie., through December 31, 2032). The salvage value does not change (a) Calculate depreciation expense to the nearest dollar) for 2021 (5 points) (1) Prepare the journal entry to record depreciation in 2021 (2 points) 4 Protilem Multiple choice Question Problem a o thin 41 41 3. As a continuation from Part 2, assume the machine was sold on December 31, 2025 for the following amount so #VALUE! Prepare the journal entry to record the sale of the machine (4 points) 53 54 55 Problem SVSUID Multiple Choice Questions
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