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Oakwood Manufacturing bought three used machines in a $216,000 lump-sum purchase. An ind valued the machines as shown: (Click on the icon to view the appraised values.) Read the requirement. Requirement 1. What is each machine's individual cost? Immediately after making this purchase, Oakwood sold Machine No. 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Oakwood Manufacturing bought three used machines in a $216,000 lump-sum purchase. An independent appraiser valued the machines as shown: (Click on the icon to view the appraised values.) Read the equiremen. What is each machine's individual cost? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Machine 1's cost is On January 2, 2021, Potter Furniture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,300 estimated residual value. On August 31, 2022, the company sold the shelving for $2,200 cash. Read the requirement. Start by recording depreciation expense on the shelving for 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,3 residual value. On August 31,2022 , the company sold the shelving for $2,200 cash. Read the requirement. Requirement en credits. 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving. Oakwood Manufacturing bought three used machines in a $216,000 lump-sum purchase. An ind valued the machines as shown: (Click on the icon to view the appraised values.) Read the requirement. Requirement 1. What is each machine's individual cost? Immediately after making this purchase, Oakwood sold Machine No. 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Oakwood Manufacturing bought three used machines in a $216,000 lump-sum purchase. An independent appraiser valued the machines as shown: (Click on the icon to view the appraised values.) Read the equiremen. What is each machine's individual cost? (Round decimals to three places when calculating proportions, and use your computed percentages in all calculations.) Machine 1's cost is On January 2, 2021, Potter Furniture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,300 estimated residual value. On August 31, 2022, the company sold the shelving for $2,200 cash. Read the requirement. Start by recording depreciation expense on the shelving for 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) service for five years. Potter depreciated the shelving on a double-declining-balance basis, with $1,3 residual value. On August 31,2022 , the company sold the shelving for $2,200 cash. Read the requirement. Requirement en credits. 1. Record both the depreciation expense on the shelving for 2022 and its sale in August. Also show how to compute the gain or loss on the disposal of the shelving