1. On January 3, Pedroia Corporation purchased a new machine from ABC Harvestor for $75,000. In addition, the cost to…

1. On January 3, Pedroia Corporation purchased a new machine from ABC Harvestor for $75,000. In addition, the cost to ship the machine to the Pedroia plant was $500; Pedroia Corp. insured the machine while it was in transit at a cost of $600; Pedroia Corporation paid $2,500 to repair the machine for damage caused by vandalism while in storage before installation; ABC Harvestor sent two of its men to Pedroia Corp. to help with the installation of the machine and charged Pedroia Corp. $3,200. Pedroia Corp. paid $1,500 for initial training of employees to be able run the machine. Pedroia Corp. paid $500 to repair the machine after it was in operation. It is estimated that the machine will have a useful life of 5 years and a salvage value of $2,500. a. What is the amount that is to be debited to the plant asset account? b. What is the depreciation expense for the first three years using the double-declining balance method?

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1. On January 3, Pedroia Corporation purchased a new machine from ABC Harvestor for $75,000. In addition, the cost to…

1. On January 3, Pedroia Corporation purchased a new machine from ABC Harvestor for $75,000. In addition, the cost to ship the machine to the Pedroia plant was $500; Pedroia Corp. insured the machine while it was in transit at a cost of $600; Pedroia Corporation paid $2,500 to repair the machine for damage caused by vandalism while in storage before installation; ABC Harvestor sent two of its men to Pedroia Corp. to help with the installation of the machine and charged Pedroia Corp. $3,200. Pedroia Corp. paid $1,500 for initial training of employees to be able run the machine. Pedroia Corp. paid $500 to repair the machine after it was in operation. It is estimated that the machine will have a useful life of 5 years and a salvage value of $2,500. a. What is the amount that is to be debited to the plant asset account? b. What is the depreciation expense for the first three years using the double-declining balance method?

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
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