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Chapter 9- Assignment Check my work 1 Depreciation (LO 9-2, LO 9-3) 10 O'Connor Company ordered a machine on Januarytat a purchase price of $55.000. On the date of every neay 2. the comowy paid $14.000 on the machine and signed a long term note payable for the cos January 3.pad 100 for freight on the machine on January 5 Connor paid cash fation cost relating to the machine anunting to $3.300 method with an estimated useful fe of toys and an estimated residue of $6.900 On December the end of the accounting period. O Connor recorded deprecation on the machine in eine Required: 1 indicate the effects accounts, amounts, and for increase for decrease of each transaction on January 12.2and on the accounting equation 2. Compute the acquisition cost of the machine 1. Compute the depreciation expense to be reported for the test year 4. What should be the book value of the machines and of the second year! 00 Complete this question by entering your answers in the tabs below Am Re: tried Red Campute the depreciation care to be reported for the first year of round intermediate custom aani