Exercise 11-5 Pearl Industries Ltd., a public company, presents you with the following information: (a)...
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Accounting
Exercise 11-5 Pearl 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 O decimal places, e.g. 5,275.) Description Date Purchased Dec. 2, 2022 Residual Value Life in Years Cost Depreciation Method Depreciation for 2024 Accumulated Depreciation to Dec. 31, 2023 $46,200 Machine A $165,000 $18,000 Machine B Aug. 15, 2021 19,000 Straight-line 28,000 Machine C July 21, 2020 73,000 23,000 Double-declining-balance LINK TO TEXT LINK TO TEXT
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