Question: On October 3 1 st , 2 0 2 4 , SBA Inc. purchased a machine for $ 3 7 7 , 0 0 0

On October 31st,2024, SBA Inc. purchased a machine for $377,000. The machines estimated life would be nine years, and its residual value would be $35,000. Assuming that SBA Inc. is using the straight-line method and made on December 31st,2027 a $46,500.00 overhaul to the machine - extending its life by seven years and switching to the double-declining balance method in the same date, what is the appropriate recording if it will sell it on September 1st,2030, for $77,000.
What is the amount of accumulated depreciation as of December 31st,2024?

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