problem 1. Calculating Depreciation. 12.5 points. On April 1, 2017, SAS Corporation purchased and placed...
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problem 1. Calculating Depreciation. 12.5 points. On April 1, 2017, SAS Corporation purchased and placed into service a plant asset (paint machine). The following information is available regarding the plant asset: Acquisition Cost Estimated Salvage Value Estimated Useful Life Estimated Useful Life $130,000 $ 15,000 5 years 10,000 units Required: In 2017, SAS Corporation mixed 1,400 cans of paint and in 2018 the company mixed 2,400 ans of paint. Make the necessary journal entries at December 31, 2017 and December 31, 2018 to record lepreciation for each year under the following depreciation methods: 2. Straight-line Double-declining balance Units of Production Date Account Titles and Explanation P.R. Debit Credit
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