Question: Please answer quickly, WILL GIVE THUMBS UP Problem Two: 8 points Brickley Corporation purchased machinery on November 1, 2020. The following details relate to the

Please answer quickly, WILL GIVE THUMBS UP
Please answer quickly, WILL GIVE THUMBS UP Problem Two: 8 points Brickley

Problem Two: 8 points Brickley Corporation purchased machinery on November 1, 2020. The following details relate to the acquired machinery: Purchase price: Cash $85,000 Estimated Residual Value $5,000 Estimated Useful Life 10 Years Assuming the company uses straight-line method to depreciate its assets how much depreciation will be recorded on December 2020. Enter only the amounts without $ sign or commas Assuming the company uses straight-line method to depreciate its assets how much depreciation will be recorded on December 2021. Enter only the amounts without $ sign or commas Assuming the company uses the sum-of-the-years digits method to depreciate its assets how much depreciation will be recorded on December 2020. Enter only the amounts without $ sign or commas Assuming the company uses the sum-of-the-years digits method to depreciate its assets how much depreciation will be recorded on December 2021. Enter only the amounts without $ sign or commas Problem Three: 2 points Shackley Corporation purchased machinery on January 1, 2018. The following details relate to the acquired machinery: Purchase price: Cash $75,000 Estimated Residual Value $5,000 Estimated Useful Life 10 Years Assume that in January 2019, the company changed its depreciation method from straight-line to activity method of depreciating its machinery. At the same time, it concluded the total life remaining on the machinery was 60,000 hours and that a re-estimated salvage value is $4,000. The company used the machine for 10,000 hours that year. How much depreciation expense will be recorded on December 2021. Enter only the amounts without S sign or commas

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