Question: Solve for the missing items, assuming straight-line depreciation is used: Machine A Machine B Machine C Cost $170,000 $80,000 I Residual value $10,000 E $20,000

Solve for the missing items, assuming straight-line depreciation is used:

 Machine AMachine BMachine C
Cost$170,000$80,000I
Residual value$10,000E$20,000
Useful life (years)25F20
Depreciation rateA25.0%J
Annual depreciation amountB$10,000$13,000
Number of years owned142.5K
Accumulated depreciation at disposal dateCGL
Proceeds of disposal$95,000H$220,000
Gain (loss) on disposalD$5,000$18,000

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