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Vita Water purchased a used machine for $ 1 2 1 , 4 0 0 on January 2 , 2 0 2 3 . It

Vita Water purchased a used machine for $121,400 on January 2,2023. It was repaired the next day at a cost of $9,163 and installed on a new platform that cost $1,637. The company predicted that the machine would be used for six years and would then have a $23,720 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full years depreciation was recorded on December 31,2023. On September 30,2028, it was retired.

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