Question: PLEASE ANSWER ALL THE FOLLOWING IN TABLE FORMAT 1 . Feng Company installs a computerized manufacturing machine in its factory at the beginning of the
PLEASE ANSWER ALL THE FOLLOWING IN TABLE FORMAT
Feng Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $The machines useful life is estimated at years, or units of production.It has a $ residual value. During itssecond year, the machine produces units.Determine the machine's second year depreciation under the straight line method.
Using the above information, determine the machine's second year depreciation using the units of production method.
Using the above information, determine the machine's second year depreciation using the double decline balance method.
On April Stone's Backhoe Company purchases a new machine for $ The machine is expected to last five years, and have a residual value of $Compute the depreication expense for both and assuming the company uses the straight line method.
Using the information above, compute the depreciation expense for both and assuming the company uses the double decline balance method.
GBSB pays $ for real estate plus $ in closing costs. The real estate consists of land appraised at $ land improvements at $ and a building appreaised at $ Allocate the total cost among the three purchased assets.
GBSB Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new campus.The negotiated purchase price is $ for the lot plus $ for the old building. GBSB pays $ to tear down the old building and $ to fill and level the lot. It also pays a total of $ in construction costs this amount consists of $ for the new building and $ for lighting and paving a parking area next to the building.
Prepare journal entries to record these costs incurred by GBSB all of which are paid in cash.
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