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Quest What will be the course when the purchases recorded T Land 1.350.000 de A10.000 Machine it 5100 115.000 Machine A $45.000 Machine 500.000 De Land 15.000 Machine A300.000 Maden.000 Land 350.000 Machine A $100.000 Machine 50,000 Guh2 What incentive would there be for ment to allocate more costowards and and testostwoman aandiser solforless contratar wil be record which will crease protetty On and deprecated to allocating more cos towards and will not profitability Oe Land does not deprecate, so location cost twards will increase proba a tandis loter sold for more traninou alarmanwil be recorded which will increase of OD 3 The adjustment needed at December to record depreciation on Machine would involve the following entry DR Machine CR Accumulated Depreciation OD DR Accumulated Depreciation CR Depreciation Expert OOR Depreciation Experte CR Accumulated Depreciation wated Depreciation O d. DR Depreciation Expense CR Machine A Assume Machine A was sold at the end of Year 4 for $50,000 when its net book value was $65.000 How much of a gain or loss will be reflected in the income statement? O a. Gain of $15,000 O b. Loss of $65,000 OC. Gain of $50,000 Od Loss of $15.000 Next page informa Use the following diagrams to answer the next the multiple choice questions Tiit Depreciation Expense ($) Policy Policy A 11 Policy B Years Question 5 Assets that produce their greatest benefits to a firm early in their useful life and less benefit loter on should be depreciated using Med out of 00 O a Policy Ob Policy B Oc Policy Od. Long term assets should not be depreciated. Flag Gestion Question 6 The straight-line method of depreciation is illustrated in the diagram above by: Marked out of 100 O a Policy A Ob. Policy B O Policy d. None of the above. F Flag question Question 7 The units-of-production method of depreciation is illustrated in the diagram above by Wot yet answered tarked out of 00 O a: Policy A O b. Policy B Oc. Policy - Flag Jestion d. None of the above