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XYZ Company purchased a set of Twenty ( 2 0 ) Handy Dandy Power Washing Machines for their business. These Machines cost $ 2 ,
XYZ Company purchased a set of Twenty Handy Dandy Power Washing Machines for their business. These Machines cost $ have a life of years and have a salvage value of $ each. A Write the Journal Entry for the Purchase of the machines. B White the Journal Entry for the First year's depreciation using the straight line method. C White the Journal Entry for the Second year's depreciation using the Double Declining Balance method. D The company sold Five five of the machines on the Fifth year for $ The company uses straight line depreciation. Write the Journal Entry to reflect the sale.
XYZ Company purchased a set of Twenty Handy Dandy Power Washing Machines for their business. These Machines cost $ have a life of years and have a salvage value of $ each.
A Write the Journal Entry for the Purchase of the machines.
B White the Journal Entry for the First year's depreciation using the straight line method.
C White the Journal Entry for the Second year's depreciation using the Double Declining Balance method.
D The company sold Five five of the machines on the Fifth year for $ The company uses straight line depreciation. Write the Journal Entry to reflect the sale.
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