The Coca-Cola Company's annual report for the year ended December 31, 2011 included the following Click the icon to view the annual report) in milions Assume that on January 1, 2012, Coca-Cola Coca-Cola uses straight line depreciation Read the requirements quired some new bottling equipment for $1.6 million cash. The equipment had an expected sale of years and 400 Requirement 1. Prepare the journal entry that Coca-Cola would make an y for depreciation on the new equipment (Record des first, then credits Explanations are not required) Date in ons Accounts 2012 Debit Credit Requirement 2. Suppose Coca-Cola sold some of the equipment it had purchased on January 1, 2012. The Coca-Cola sold the equipment for $42.000 cash 2 years after the purchase date Prepare the most be soldad maintry for the sale Records for o s 000 and expec the credits Explanations are not os Date Accounts Debit Credit Choose from any list or enter any number in the input folds and then continue to the next Question 9 The Coca-Cola Company's annual report for the year ended December 31, 2011, included the following is in milions) (Click the icon to view the annual report.) Assume that on January 1, 2012, Coca-Cola acquired some new bottling equipment for $1.6 milion cash. The equipment had an expected useful life of 4 years and an expected residual value of $400,000 Coca-Cola uses straight-line depreciation Read the resuirements. Requirement 2. Suppose Coca-Cola sold some of the equipment it had purchased on January 1, 2012. The equipment being sold had an original cost of $80,000 and an expected residual value of $15.000 Coca-Cola sold the equipment for $42.000 cash 2 years after the purchase date. Prepare the journal entry for the sale. (Record debits first, then credits. Explanations are not required) in millions) Debit Credit Date Accounts 2013 its first, the credit prior wront Requirement 3. Refer to requirement 2. Suppose Coca-Cola had sold the equipment for $51.000 cash, instead of $42.000. Prepare the journal entry for the sale (Record required.) (in Millions) Debit Credit Accounts Date Choose from any list or enter any number in the input fields and then continue to the neuestion 8 # W