In this simulation, you are asked to address questions regarding the accounting for property, plant, and equipment. Prepare responses to allparts.

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KWW Professional_Simulation Property, Plant, and Equipment Time Remaining 1 hour 20 minutes Uraplit Spit Horiz Split Vortical Spreadshest Cakulator Exit Stuation Moasuroment Analysis Rosources Diredions Journal Entrios Franclal Statoments Norwel Company manufactures miniature circuit boards used in wireless phones and personal organizers. On January 2, 2012, Norwel purchased a circuit board stamping machine at a retail price of $12,000. Norwel paid 5% sales tax on this purchase. Norwel paid a contractor $1,400 for a specially wired platfom for the machine, to ensure non-interrupted power to the machine. Norwel estimates the machine will have a 4-year useful life, with a residual value of $2,000 at the end of 4 years. Norwel uses straight-line depreciation and employs the half-year convention in accounting for partial-year depreciation (that is, it takes a half year of depreciation in the first year of an asset's useful life). Norwel's fiscal year ends on December 31. Fhanclal Statomento Analyale Rosourcen Stuation Hoasuroment Journal Entries Diredions At what amount should Norwel record the acquisition cost of the machine? Analysle Resources Diredions Skualon Measurement Journal Entries Franclal Statoments What journal entry should Norwel record in 2012? Analysls Resources Stuatlon Directions Heasurement Journal Entries Fhanclal Statoments At what amount will the machine be reported in Norwel's balance sheet at December 31, 20127 Financiai Statomonts analyste Rosources Journal Entries Diredions Stuatlon Moasurement On July 1, 2013, Norwel decides to outsource its circuit board operations to Boards-R-Us Inc. As part of this plan, Norwel sells the machine (and the platform) to Boards-R-Us for $7,000. What is the impact of this disposal on Norwel's 2013 income before taxes?