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Xmas Co purchases a machine that had a list price of $5.000 on January 1, 2021. Installation cost was $600 Martenance contradt for four years

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Xmas Co purchases a machine that had a list price of $5.000 on January 1, 2021.
Installation cost was $600
Martenance contradt for four years was $980
The machine has no estimated residual value and a 4 years estimated useful life.
The Compiny is using the Sum-ol-the-Years'-Digits Method in case of depreciation
The machine was ready to use on October 1, 2021.
What is initial cost?
fill the table
image text in transcribed
Xmas co purchases a machine that had a list price of $5.000 on January 1 2021. Installation cost was 5600 Maintenance contra for four years was 900 The machine has no estimated residual value and a 4 years estimated useful ide. The Company is using the Sum-of-the-Year-Digits Method in case of depreciation The machine was ready to use on October 1.2021. Pequired Arower the Qund the table below Note the number of rows in the table may not equal and match the rows you need to use to complete the assignme What would be the machine Initial cont....5,600 Year Depreciation Expenses Accumulated Depreciation m. 10:11 ak 350 B Net Book Value Year Depreciation Expense: Net Book Value Accumulated Depreciation 1 N 3

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