A company buys a machine for $100,000 cash which will be depreciated over 10 years...
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Accounting
A company buys a machine for $100,000 cash which will be depreciated over 10 years with no residual value. What happens on the balance sheet, income statement and cash flow statement immediately?
What happens on the balance sheet, income statement and cash flow statement each year going forward?
If net income for the year is 20mm and the company pays 5mm in dividends, what changes on the balance sheet and by how much (how is it accounted for)?
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