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In: Accounting

Pearl Industries Ltd., a public company, presents you with the following information: (a) Complete the table...

Pearl 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

$150,000 $16,000 10 select a method
$42,000 $enter a dollar amount

Machine B

Aug. 15, 2021

enter a dollar amount 21,000 5 Straight-line 29,500 enter a dollar amount

Machine C

July 21, 2020

72,800 24,000 8 Double-declining-balance enter a dollar amount enter a dollar amount

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