yellow cheese co bought a cheese making machine in january 1st

2 Yellow Cheese to, bought a cheese making machine in January 1st 280. The list price was 120,000 but had received a discount-of- 20,000. The delivery lost was 10,00 As a policy the company replace such machines every loyers the residual value of this machine was estimated to be 10,000. The company uses the straight-line method of depreciation for such machine. @ What is the amount that will appear as the cost of this particular asset on the statement of financial position (Balance sheet) of the company for the year ending) 200? Show all your calculations along with any formule used. 6 What is the Book Value of the Asset (or carrying your Value) at the end of this first year? Shoow all Calculations along with any formake used. At the end of the third year (ie after three years have passed, you'll have to work the End of year 3 Values), the Company made an impairment check for this asset. The market experts estimated the machine could be sold for a wet selling price of 85,000. Also, they estimated that they kept using this machine it would bring the Company an estimated & 90,000 in cash flows (Ner present value). P.To