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QUESTION 13 Green Tech Co purchased machinery on January 2, 2015. for 5880.000. The straight-line method is used and useful life is estimated to be
QUESTION 13 Green Tech Co purchased machinery on January 2, 2015. for 5880.000. The straight-line method is used and useful life is estimated to be 10 years, with a 580.000 savage value. At the beginning of 2021 Green Tech spent 5192.000 to overhaul the machinery. After the overhaul Green Tech estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be 540,000. The depreciation expense for 2021 should be DA S74,000 B. 556,500. C. 569.000 D. $80,000 Elmer Corporation has $2.500.000 of short-term debt it expects to retire with proceeds from the sale of 50.000 shares of common stock if the stock is sold for 530 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amount of short-term debt could be excluded from current liabilities U A $2.500.000 OB. 50 C. $1.500.000 D. 51000.000
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