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5.2 points) During 2020, Polly started manufacturing and selling a new product with a three-year...

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5.2 points) During 2020, Polly started manufacturing and selling a new product with a three-year warranty. Polly prepares annual AJEs once each year as of 12:31. Based upon past experience with similar products, Polly estimated the following warranty costs as a % of sales dollar First year of warranty 196 Second year of warranty 3% Third year of warranty 79% Polly Wale during 2020 and 2021, respectively, were 5480,000 and 5660,000. Polly's actual warranty expenditures for 2020 and 2021, respectively were $3.000 and $14,000 What was Polly estimated warranty expense amount for 2021? What was Polly's estimated warranty liability amount as of 12-31-212 6.2 points) Forest bought a fixed asset for 518.000.000 on January 1, 2019. The life of the fixed asset is 7 years and the expected cost to dismantle the fixed asset at the end of years as $1,200,000. An interest rate of 3% would be appropriate for Forest for any necessary present value calculations What amount will Forest record as cerebon expense for 20217 Round your answer to the nearest dollar Forest uses a straight-line depreciation method and assumes no salvage value. What amount will Forest record as depreciation expense for 20207 Round your answer to the nearest dollar

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