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Take me to the text On April 1, 2013, Bob's Restaurant and Brewery purchased a new bottle-sealing machine for $147,600. The machine had an estimated

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On April 1, 2013, Bob's Restaurant and Brewery purchased a new bottle-sealing machine for $147,600. The machine had an estimated useful life of 10 years and is expected to have no residual value. Assume that the company has adopted a partial-year depreciation policy, where depreciation is taken on a monthly basis.

The company uses straight line depreciation. The fiscal year-end for Bob's Restaurant and Brewery is December 31. On April 30, 2021 Bob's Restaurant and Brewery sold this machine for $41,000.

Required a) Prepare the depreciation table over the life of the machine.

Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number.

Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation to Date Net Book Value
2013 $147,600

$Answer

$Answer

$Answer

2014 $147,600

$Answer

$Answer

$Answer

2015 $147,600

$Answer

$Answer

$Answer

2016 $147,600

$Answer

$Answer

$Answer

2017 $147,600

$Answer

$Answer

$Answer

2018 $147,600

$Answer

$Answer

$Answer

2019 $147,600

$Answer

$Answer

$Answer

2020 $147,600

$Answer

$Answer

$Answer

2021 $147,600

$Answer

$Answer

$Answer

b) Record the journal entry for the sale, assuming that the depreciation for 2021 has already been recorded.

Enter all debit accounts in alphabetical order. Enter all credit accounts in alphabetical order.

Date Account Title and Explanation Debit Credit
Apr 1

Answer

Answer

Answer

Answer

To record the sale of an asset

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