Question: PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] [The following information applies to the questions displayed below.]
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PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] [The following information applies to the questions displayed below.] At the beginning of the year, Cruz \& Tumer Corporation bought three used machines. The machines immediately were the accounts, Detalis for Machine A are operating. Because the machines were different, each was recorded separately in Journal entry worksheet Record the year 2 depreciation expense for Machine C. Note: Enter debits before credits. PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] [The following information appliles to the questions displayed below] At the beginning of the year, Cruz \& Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Detalis for Machine A are provided below. PA9-1 (Algo) Part 7 7. Prepare the journal entry to record year 2 double-declining balance depreclation expense for Machine C, which has a cost of $27,100, an estimated life of 10 years, and $1,400 residual value, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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