Homework Answers
1a) compute cost of machine
| Machine A | Machine B | machine C | |
| Original cost | 10000 | 31500 | 22000 |
| Installation Cost | 1600 | 2100 | 800 |
| Renovation before use | 600 | 1400 | 1600 |
| Original Cost | 12200 | 35000 | 24400 |
1a) journal entry
| Date | account and explanation | Debit | Credit |
| Depreciation expense | 19560 | ||
| Accumulated depreciation-machine A (12200-1000/4) | 2800 | ||
| Accumulated depreciation-Machine B (33000/33000*7000) | 7000 | ||
| Accumulated depreciation-machine C (24400*40%) | 9760 | ||
| (To record dep) |
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