The many chain 1, 2017 Out of $120.000. The Times Comey 20,000 in cash at the date of purchased the 100.000 was finance through Payable. The machine has an estimated site officers and needs formation.... Althed her The way that the machine id reduce 10.000 widts during During the eyes are the matery row the following number of widesperar soft Year Mandard 1012 300 301 50.000 2019 50,000 160.000 econd the journal entry for the purchase of the machinery 1 2017 Credit Date Attention 11/2011 Rep Calculate the decisione in the Stederection method for each of the first three years (2017 through 2019 and the netbook value of the the end of the third wat in December 31, 2019) Record the adjusting journal entry for the first year of depreciation (12/31/17 Yemet extecheti keleti stehne Destesiatken Depreciation Epe Description Dehit Credit Cost 120.000 15 000 Deplase OS DOO Uue 5 years Accumulated Netbook Depreciation Values of Cout w of 12/31 12/31 120,000 120,000 120,000 Date 12/31/2017 2017 2018 2019 Calculate the depreciation in the attenderedation method for each of the first three years 2017 through 20191 and the net book value of thes of the end of the third years of December 31, 2019 Becond the adjusting journal entry for the first year of depreciation 12/31/17 Cast 1300CO Sage 15.000 De 105.000 Depreciation Expe Debit 2017 2018 2019 ned 0.000 59000 30.000 Ad Netbook Depreciation Vos of Cool m of 12/31 12/31 120.000 120.000 120 000 Credit Year 3012 2018 2015 Date Accent Description 12/31/2017 we 230.000 units Balance Sheet Income Statement + + Accumulated Depreciation + Depreciation Expense Equipment Heurement Calculate the depreciation expense using the besede derection method for each of the first three years 2017 through 20191 and the netbook value of the son of the end of the third Year (as of December 31, 2019. Record the adjusting journal entry for the first year of depreciation 12/11/17 Depreciation Expense Accumulated Net Book Deprecation value of as of 12/31 12/31 Derbit Cost 120,000 Salvage 15.000 tase 105,000 Useful 5 years Cred Year 2017 2015 2019 Cost 120,000 120,000 120,000 Date Account Descripti 12/11/2017 Setup The New Times Company purchased a new machine on January 1, 2017 at a cost of $120,000. The New Times Company paid $20,000 in cash at the date of purchase, and the remaining $100,000 was financed through a Note Payable. The machine has an estimated useful life of five years and an estimated salvage value of $15,000 at the end of five years. It is expected that the machine can produce 210,000 widgets during its useful life information for "Units of Production" Depreciation Calculations As of the date of purchase. The New Times Company estimated that the machine could produce a total of 210,000 widgets during it's useful life. During the first three years after purchase, the machinery produced the following number of widgets per year # of Units Manufactured 80,000 2018 50,000 30.000 160.000 Year 2017 2019 Requirement 1 Record the journal entry for the purchase of the machine on January 1, 2017 Debit Credit Date Account Description 1/1/2017 Requirement 2 Calculate the depreciation expens using the stricht in detection method for each of the first three years (2017 through 2012 and there book value of the asset as of the end of the third year as of December 31, 2019. Record the adjusting journal entry for the first year of depreciation (12/31/17). 3 Yeme Depreciation Calendation - Sterlihtne. Preciation Depreciation Expense Acumulated Net Book Depreciation Values of of 12/31 12/31 Year Debit Credit Cost 120.000 Salg 15.000 Depr. Base 105.000 Uhclul Ele 5. vars 2017 Cost 120.000 120,000 120,000 Date Account Deuription 12/31/2017 2018 2019 Reglement Calculate the depreciation expense in the units of reduction detection method for each of the first three years (2017 through 2010 and the nat book value of the asset as of the end of the third year las of December 31, 2019). Record the adjusting journal entry for the first year of depreciation 112/31/1 Cost 120.000 Salvage 15.000 Depr. Base 105,000 Depreciation Expense Accumulated Net teok Depreciation Value as of as of 12/31 12/31 Account Description Debit Credit Date 12/31/2017 Year 2012 2013 2010 Unitsthed 30,000 50.000 Year 2017 2013 2019 Cost 120.000 120,000 120,000 30.000 Uretulite 210.000 units Requirement Calculate the depreciation expense ing the double decine depreciation method for each of the first three years 2017 through 2019, and the netbook value of the assets of the end of the third year las of December 31, 2019) Record the adjusting journal entry for the first year of depreciation (12/31/271 Dermato Credit Cost 130.000 Sale 15.000 Base 105.000 Useful te 5 years Date Account Description 12/31/2017 Year 2017 1013 2019 Acumulated Net ook Depreciation of Cout as of 13/11 12/31 120.000 120.000 120,000 . Balance Sheet Income Statement + + Accumulated Depreciation + Depreciation Expense Equipment