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The follewing transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on

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The follewing transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all haxed assets acquired during the year, and no depreciation is charged on foed assets disposed of during the year. Jan. 30 Abulding that cost $187/440 in 2008 is torn down to make room for a new building The wrecking contractor was paid 57.242 and was permitted to keep ali materials salvaged. Mar: 10 Machinery that was purchased in 2018 for $22,720 is sald for $4,118 cash, tob purchaser's plant Freight of $426 is paid on the sale of this machinery. Mar 20 A gear breaks ena machine that cost $12,780 in 2017. The gear is replaced at a cost of $2,860. The replacement does not extend the useful life of the machine but does make the machine more elficient. May 18 Aspecial base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of \$7,810 because of defective workmanship on the original base. The cost of the machinery was 520.164 in 2019. The cost of the base was 54,970 , and this amount was charged to the Machinery account in 2019. June 23- One of the buildings is repainted at a cont of 59.79 . it hud not been painted since it was constructed in 2021. Prepare general journal entries for the tramsactions, (Recod joumol enteies in the order presented in che problem Credit account ticles are dutomatically indented when amount is entered, Do not indent monuall if no entry is required, select " No Entry" for the occount tieles and enter O for the amounts Lht all debit entries before credit entries)

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