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Question 3 of 30 10 Points Costanza Construction Corp. (CCC) placed a purchase order to buy a bulldozer on September 15, 2020 for $94,000. The
Question 3 of 30 10 Points Costanza Construction Corp. ("CCC") placed a purchase order to buy a bulldozer on September 15, 2020 for $94,000. The bulldozer was shipped in from the U.S., at a freight cost of $2,000 and was received (and put into use) on October 1, 2020. The bulldozer is expected to have a useful life of 12 years, after which it will have a salvage value of $15,000. CCC has a December 31 year-end. Required: 1. Assume CCC uses the straight-line method of deprecation. Provide the journal entry to record depreciation for the bulldozer at December 31, 2020. 2. Assume CCC uses the double-declining balance method of deprecation. Provide the journal entry to record depreciation for the bulldozer at December 31, 2020. 3. Assume once again that CCC uses the straight-line method of deprecation and that on October 1, 2023 the bulldozer was sold for $80,000 cash. Provide all appropriate journal entries for 2023 related to the disposal. NOTE: USE THE ATTACHED FILE TO RECORD YOUR ANSWERS, CLEARLY REFERENCING WHICH PART OF THE QUESTION EACH ENTRY PERTAINS TO. SAVE THE FILE USING THE FORMAT "PPE Q - 1234567" WITH "1234567" REPLACED BY YOUR STUDENT NUMBER. ROUND ALL NUMBERS TO THE NEAREST DOLLAR. PPE Q Template.xlsx 10 KB Click "Browse" to locate your file and then click "Upload" to upload your file. B C DATE ACCOUNT NAME/DESCRIPTION DEBIT CREDIT Sheet1 + #
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