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Take me to the text On December 31, 2015 Big Win Casino purchased equipment worth $210,000. The equipment has a useful life of six years

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Take me to the text On December 31, 2015 Big Win Casino purchased equipment worth $210,000. The equipment has a useful life of six years and no residual value. Depreciation is recorded beginning the month after acquisition and will be recorded up until the month of disposal. The company uses the straight-line method of depreciation Required a) Given that the company's year end is December 31, complete the following table Do not enter dollar sans 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 2016 $210,000 $ 2017 $210,000 $ 2018 $210,000 $ 2019 $210,000 $ 2020 $210,000 $ 2021 $210,000 $ b) On June 30, 2021, Big Win Casino sold the equipment for $5,000 Prepare the journal entry to record the depreciation on the disposal and the sale. You will need to recalculate the depreciation expense for 2021 from part a) to account for the sale part- way through the year Enter all debit accounts in alphabetical order Date Account Title and Explanation Debit Credit Jun 30 To update depreciation before disposo! Jun 30 4 1 To record the sale of equipment

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