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Tatiana Ltd purchased an equipment for $82,000 on 1/1/2018. The company incurred an additional $6,000 for transportation and installation costs. The equipment has an estimated
Tatiana Ltd purchased an equipment for $82,000 on 1/1/2018. The company incurred an additional $6,000 for transportation and installation costs. The equipment has an estimated useful life of 6 years and a salvage value of $8,000. Ryan, the financial controller, is trying to decide which depreciation method the company will use. Required: 6 118 nninte 6.26 points 6.36 points At the end of 2022, the estimated future cash flows from the equipment is $12,000 (from continued usage and subsequent disposal), and the equipment can be sold for scrap for $8,000. Assune we are using sum-of-the-year digit method. The equipment is sold on 7/1/23 for $6,000. Record the journal entries fo the sale of PP\&E. Tatiana Ltd purchased an equipment for $82,000 on 1/1/2018. The company incurred an additional $6,000 for transportation and installation costs. The equipment has an estimated useful life of 6 years and a salvage value of $8,000. Ryan, the financial controller, is trying to decide which depreciation method the company will use. Required: 6 118 nninte 6.26 points 6.36 points At the end of 2022, the estimated future cash flows from the equipment is $12,000 (from continued usage and subsequent disposal), and the equipment can be sold for scrap for $8,000. Assune we are using sum-of-the-year digit method. The equipment is sold on 7/1/23 for $6,000. Record the journal entries fo the sale of PP\&E
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