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Use the following Information to Answer the Questions Below.. A. On June 5th, 2014 Our Business Purchased a YACHT for $2,400,000 Cash. B. The YACHT

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Use the following Information to Answer the Questions Below.. A. On June 5th, 2014 Our Business Purchased a YACHT for $2,400,000 Cash. B. The YACHT has an estimated Useful Life of 10 years and will be Depreciated using the Straight Line Method of Depreciation. C. On March 31, 2016 The Business Sold the YACHT for $1,000,000 Cash. D. Show all of your Answers as a Number only, NO Dollar Signs, Decimals, or Commas. show any losses inside parens like this (1000) QUESTIONS Compute the Accumulated Depreciation as of Dec-31-2014= Compute the Accumulated Depreciation as of DEC-31-2015= Compute the Depreciation Expense for the Year Ended DEC-31- 2015= Compute the Net Book Value as of March-31-2016= Compute the Gain or (Loss) on the Disposal of the Fixed Asset 11

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