Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the...
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Accounting
Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.)
| Description | Date Purchased | Cost | Residual Value | Life in Years | Depreciation Method | Accumulated Depreciation to Dec. 31, 2023 | Depreciation for 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machine A | Dec. 2, 2022 | $175,000 | $12,000 | 10 | select a method Double-declining-balanceWorking hoursSum-of-the-years-digitsStraight-line | $49,000 | $enter a dollar amount | |||||||
| Machine B | Aug. 15, 2021 | enter a dollar amount | 15,000 | 5 | Straight-line | 29,000 | enter a dollar amount | |||||||
| Machine C | July 21, 2020 | 76,000 | 24,000 | 8 | Double-declining-balance | enter a dollar amount | enter a dollar amount |
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