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Type or paste question here 32.) Voldemort Company started operations on January 1, 2006 and has acquired three assets which it classified under property, plant
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32.) Voldemort Company started operations on January 1, 2006 and has acquired three assets which it classified under property, plant and equipment for a lump sum price of $4,500,000. The carrying amount and fair values of each are provided as follows: Carrying Amount Fair Value Delivery Trucks $1,570,000 $1,800,000 Latching Machine $500,000 $600,000 Office Equipment $150,000 $350,000 Delivery Trucks Latching Machine Office Equipment Depreciation Method Straight Line Straight Line Straight Line Salvage Value $100,000 $9,000 $17,000 Useful Life in Years 10 7 3 A. How much is the initial costs of the Delivery Trucks? B. How much is the initial costs of the Latching Machine? C. How much is the initial costs of the Office Equipments? D. How much is the annual depreciation of the Delivery Trucks? E. How much is the annual depreciation of the Latching Machine? F. How much is the annual depreciation of the Office EquipmentStep by Step Solution
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