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Raptor Construction purchases a bulldozer for $235,000 on January 19, 2016. Raptor Construction estimates that the bulldozer will last 20 years and have a salvage
Raptor Construction purchases a bulldozer for $235,000 on January 19, 2016. Raptor Construction estimates that the bulldozer will last 20 years and have a salvage value of $1,000. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs. Using straight-line depreciation, calculate the depreciation expense for the 2016, Using straight-line depreciation, what is the book value of the machinery at the end of 2018 (December 31, 2018)? Note that this is after the third year of operation Raptor Construction decides to sell its bulldozer on January 1, 2019 for $221,000 in cash Is there a gain or loss? Type gain or loss, no caps, no spaces. What amount is the gain or loss? Use the following number format: 12345. No commas, no dollar signs
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