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Questions #1 #5: How much does owner's equity change, if any, given the following scenarios. To ensure you receive maximum credit, identify which categories
Questions #1 #5: How much does owner's equity change, if any, given the following scenarios. To ensure you receive maximum credit, identify which categories of the accounting equation (e.g., Assets, Liabilities, and Owner's Equity) are being impacted and how. You may use the abbreviations A, L, and OE. 1. (2 pts) Bearclaw Farm owns multiple types of farm machinery and equipment. During the last machinery and equipment owned was depreciated by $25,000. a. How much did owner's equity change, if any, after depreciation? year, all 2. (2 pts) Bearclaw Farm purchased a new planter for $225,000. A portion of the cost, $125,000, was paid with cash while the remainder, $100,000, was financed with a 3-year loan. a. How much did owner's equity change, if any, after the purchase? b. How much did owner's equity change, if any, after the final loan payment was made in year 3?
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