### Depreciation Information for Bonita Industries Ltd.Bonita Industries Ltd., a public company, presents you with the following information:#### Task:(a) Complete the table for the year ended December 31, 2027. 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.)**| Residual Value | Life in Years | Depreciation Method | Accumulated Depreciation to Dec. 31, 2026 | Depreciation for 2027 ||----------------|---------------|------------------------------|-------------------------------------------|-----------------------|| $12,000 | 10 | (1) | $39,200 | $ (2) || 15,000 | 5 | Straight-line | 25,000 | (4) || 22,000 | 8 | Double-declining-balance | (5) | (6) |**Notes**:- **Residual Value**: The estimated value of the asset at the end of its useful life.- **Life in Years**: The duration over which the asset is expected to be used.- **Depreciation Method**: The method applied to depreciate the asset (could be Straight-line, Double-declining-balance, etc.).- **Accumulated Depreciation to Dec. 31, 2026**: The total depreciation of the asset up to the end of 2026.- **Depreciation for 2027**: The depreciation expense for the year 2027.Please complete the missing values:1. Choose the appropriate depreciation method.2. Calculate the depreciation expense for 2027 for the first asset with a residual value of $12,000 and useful life of 10 years.3. Compute the accumulated depreciation as of December 31, 2026, for the third asset with a residual value of $22,000 and a useful life of 8 years.4. Find the depreciation expense for 2027 using the straight-line method for the second asset.5. Determine the total accumulated depreciation for the third asset by December 31, 2026.6. Calculate the depreciation expense for 2027 using the double-declining-balance method for the third asset. ### Bonita Industries Ltd. Depreciation Information**Bonita Industries Ltd.**, a public company, presents you with the following information:*Complete the table for the year ended December 31, 2027. 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.)*#### Depreciation Table| Description | Date Purchased | Cost | Residual Value | Life in Years | Depreciation Method ||-------------|----------------|----------|----------------|---------------|----------------------------------|| Machine A | Dec. 2, 2025 | $140,000 | $12,000 | 10 | ![Dropdown Arrow](arrow.png) (1) || Machine B | Aug. 15, 2024 | | $15,000 | 5 | Straight-line || Machine C | July 21, 2023 | $72,000 | $22,000 | 8 | Double-declining-balance |Notes:1. **Machine A:** The remaining value after 10 years of use, based on the chosen depreciation method, is $12,000.2. **Machine B:** Relevant figures such as the purchase cost need to be completed.3. **Machine C:** Depreciation is calculated using the double-declining-balance method. Depreciation methods:- **Straight-Line Depreciation:** This method spreads the cost of the asset evenly over its useful life.- **Double-Declining-Balance Depreciation:** This method applies a higher depreciation rate in the early years of the asset's life.This table provides a comprehensive view of how various assets within Bonita Industries Ltd. are being depreciated over time, reflecting careful management of their financial resources.

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Description: ### Depreciation Information for Bonita Industries Ltd.Bonita Industries Ltd., a public company, presents you with the following information:#### Task:(a) Complete the table for the year ended December 31, 2027. The company depreciates all assets fo

Business organizations are required to charge the depreciation expense so that the assets are shown…

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Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2027. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Description Machine A Machine B Machine C Date Purchased Dec. 2, 2025 Aug. 15, 2024 July 21, 2023 Cost $140,000 72,000 (3) Residual Value $12,000 15,000 22,000 Life in Years 10 5 8 Depreciation Method Straight-line Double-declining-balance (1)

Bonita Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2027. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Description Machine A Machine B Machine C Date Purchased Dec. 2, 2025 Aug. 15, 2024 July 21, 2023 Cost $140,000 72,000 (3) Residual Value $12,000 15,000 22,000 Life in Years 10 5 8 Depreciation Method Straight-line Double-declining-balance (1)

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Chapter1: Financial Statements And Business Decisions

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Subject: accounting
a company purchased equipment in 1/4/2022 for 110,000 with six years estimation life with 10,000 salvage value, in 31/12/2023 sold the equipment for 80,000. journalize the entry in 31/12/2023
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Assume that Sivart Corporation has 2023 taxable income of $1,750,000 for purposes of computing the §179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation. (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Placed in Service Basis Machinery June 12 $ 1,440,000 Computer equipment February 10 70,000 Delivery Truck—used August 21 93,000 Furniture April 2 310,000 Total $ 1,913,000 b. What is the maximum total depreciation (§179, bonus, MACRS) that Sivart may deduct in 2023 on the assets it placed in service in 2023?