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Solve these!! 2. A company purchases a machine for BDT 55,000 which has a useful life of 8 years and an estimated residual of BDT
Solve these!!
2. A company purchases a machine for BDT 55,000 which has a useful life of 8 years and an estimated residual of BDT 8,000. After three years of use, the remaining life is estimated to be three years with a residual value of BDT 5,000. What is the depreciation expense in year four assuming straight-line depreciation? 3. BD Corporation purchased a machine for BDT 100,000 in 2001 and used for four years during which time BDT 30,000 of depreciation is accumulated. The machine is then sold for BDT 55,000 of cash. What is the gain or loss on this transaction? Assume depreciation is up to date at the time of the saleStep by Step Solution
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