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Multiple Choice Question 86 Sheffield Corp. Is constructing a building. Construction began on Jansary 1...

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Multiple Choice Question 86 Sheffield Corp. Is constructing a building. Construction began on Jansary 1 and was completed on December 31. Expenditures were $6456000 on March 1, $5280000 on hoe 1, and S795000 on December 31. Sheffield Corp, borrowed $3160000 on January i on a s-year, % note to help fnance construction d the bulana nadats the company had outstanding all year a 11%3-year, $6450000 note payable and an i2%, 4-year, $12550000 note payable. $19686000 $9896000 $ 11736000 $8460000 Click if you would like to Show Work for this question: e Sho wor Question Attempts: O ef 1 used SAVE FOR LARE acer WEDNI SDAY THURSDAY TUESDAY MONDAY Multiple Choice Question 121 Waterway Industries purchased a new machine on May 1, 2009 for $568800. At the time of acquisition, the machine was estisated to have a useful lee of ten years and an estimated salvage value ofl $20400. The compay has recorded monthly depreciation using the straight ine method On March 1, 2018, the machine was sold for $76800 what should be the loss recognized from the sale of the machine? O $27980. $20400. $7580 Click ' you would like to Show work tor this question: 0ensos Question Attempts: 0 of 1 used SAVE FOR LATE acer THURSDAY TUESDAY WEDN SDAY MONDAY

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