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ter 8 Homework O As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store foctures) that were 10 years old for $2.600 cash. The original cost of the shelves was $7,300 and they had been depreciated on a straight-line basis over an estimated useful life of 12 years with an estimated residual value of $1,600 Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Book Print Journal entry worksheet Record the sale of the shelving units. Note Enter debits before credks. General Journal Debit Credit C Proy 10 10 10 Nort IWCUCCLCUudul... omework Saved Help Save & Exit Submit Check my work A three-year-old machine has a cost of $49,400, an estimated residual value of $1,400, and an estimated useful life of 40,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,800 hours in year 1:6,150 hours in year 2; and 7,100 hours in year 3. Calculate the net book value at the end of the third year. Net book value IT mework A Merry Yacht International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totaling nearly $1.5 billion in net property and equipment Assume that MerryYacht replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture: Furniture (cost) Accumulated depreciation $6,130,000 5,613,000 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in dollars not in millions.) a. $517,000 cash b. $1.615,000 cash c. $412,000 cash

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