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The property, plant, and equipment section of the Jasper Company's December 31, 2023, balance sheet contained the following: The land and bubding were purchased at
The property, plant, and equipment section of the Jasper Company's December 31, 2023, balance sheet contained the following: The land and bubding were purchased at the beginning of 2019 . Straight-4ine depreciation is used and a residual value of $46,000 for the bulking is anticipated. The equipment is comprised of the following three machines: The stralght ine method is used to determine depreciation on the equipment. On March 31, 2024, Machine 102 was sold for $56.500. Farly in 2024, the useful life of machine 101 was revised to seven years in total, and the residual value was revised to zero. Required: (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the 2024 year-end journal entries to record depreciation on the building and remaining equipment. Note: If no entry is required for a transaction/event, select " No journal entry required" in the first account field
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