WebMartinez Company purchased a machine on January 1, 2014. In addition to the purchase price paid, the following additional cost was incurred: Lubrication of the machinery gearing before the machinery was placed into service. Determine whether the additiona; On January 1, 2008, Mike's Company purchased a machine. The seller quoted the price at ... WebDate General Journal Debit Credit December 31 Onslow Company purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $6,000 to wire electricity to the machine. Onslow paid an additional $1,200 on January 4 to secure the machine for operation. The machine will be used for six years and have a $23,040 …
Answered: Onslow Company purchased a used machine… bartleby
WebOnslow Company purchased a used machine for $1?8,000 cash on January 2. On Jan uary 3, Onslow paid $2,840 to wire electricity to the machine. Onslow paid an additional $1,160 on January 4 to secure the machine for operation. The machine will be used for six years and have a $14,000 salvage value. Straight—line depreciation is used. WebOn December 31, at the end of its fifth year in operations, it is. Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to … phil hodges
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WebView the full answer. Transcribed image text: Onslow Co. purchased a used machine for $178,000 cash on January 2. On January 3, Onslow paid $2,840 to wire electricity to the … WebQuestion. Onslow Co. purchases a used machine for $178,000 cash on January 2 and readies it for use the next day at a$2,840 cost. On January 3, it is installed on a required … Web25 de nov. de 2024 · Onslow Co. purchased a used machine for $178,000 ... Onslow paid $2,840 to wire electricity to the machine and an additional $1,160 to secure it in place. … phil hodgkinson