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On January 1, 2020, Bramble Corp. purchased a new machine for $4180000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $148000. Depreciation was computed using the sum of-the-years-digits method. What amount should be shown in Bramble's balance sheet at December 31, 2021, net of accumulated depreciation for this machin O $4032000 O $3373600 O $2656800 O $2567200 Espa

On January 1, 2020, Bramble Corp. purchased a new machine for $4180000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $148000. Depreciation was computed using the sum of-the-years-digits method. What amount should be shown in Bramble's balance sheet at December 31, 2021, net of accumulated depreciation for this machin O $4032000 O $3373600 O $2656800 O $2567200 Espa

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2020, Bramble Corp. purchased a new machine for $4180000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $148000. Depreciation was computed using the sum of-the-years-digits method. What amount should be shown in Bramble's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine" O $4032000 O $3373600 O $2656800 O $2567200 Save for Later Attempts: 0 of 1 used Submit Answer
Transcribed Image Text:On January 1, 2020, Bramble Corp. purchased a new machine for $4180000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $148000. Depreciation was computed using the sum of-the-years-digits method. What amount should be shown in Bramble's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine" O $4032000 O $3373600 O $2656800 O $2567200 Save for Later Attempts: 0 of 1 used Submit Answer
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