Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the...
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Accounting
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.)
Description
Date Purchased
Cost
Residual Value
Life inYears
Depreciation Method
Accumulated Depreciation to Dec. 31, 2023
Depreciation for 2024
Machine A
Dec. 2, 2022
$165,000
$17,000
10
select a method Double-declining-balanceWorking hoursSum-of-the-years-digitsStraight-line
$46,200
$enter a dollar amount
Machine B
Aug. 15, 2021
enter a dollar amount
20,000
5
Straight-line
26,500
enter a dollar amount
Machine C
July 21, 2020
73,800
23,500
8
Double-declining-balance
enter a dollar amount
enter a dollar amount
Answer & Explanation
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