Buckeye Company purchased a machine on January 1, 2019. The machine had a cost of $260,000 with a $10,000 residual value. The estimated useful life of the machine was eight years. On January 1, 2021, due to technological innovations, the estimated useful life was reduced by two years from the original life and the residual value was reduced by 50%. The company uses straight-line depreciation.
Required:
Prepare the journal entry to record the annual depreciation on December 31, 2021.
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Business, 22.06.2019 10:30
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Business, 22.06.2019 16:40
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Business, 22.06.2019 20:20
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Business, 22.06.2019 20:40
Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen
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Buckeye Company purchased a machine on January 1, 2019. The machine had a cost of $260,000 with a $1...
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