Answer Happy

URGENT!! PLEASE HELPP!!
How is depreciation recorded at year end? Select all
that apply. (2 points)
Decrease Depreciation Expense
Increase Cash
Increase Equipment
Decrease Cash
Increase Depreciation Expense
Decrease Accumulated Depreciation
Increase Accumulated Depreciation
What is the accumulated depreciation at the end of 2022?
(2 points)
How much depreciation expense should be recorded in
2024, the year of the disposal? (2 points)
What is the book value on the disposal date? (2
points)
What is the gain or loss on the disposal? If a loss,
enter as a negative number (i.e. as -1000). If a gain, enter as a
positive number without a + sign (i.e., as 1000). (2
points)
Vaughan Manufacturing Inc. purhased and later sold a machine.
Details relating to the machine are below.
Acquisition cost
$180,000
Date of purchase
1-Mar-20
Date put into use
1-Jun-20
Estimated useful life in years
6
Estimated residual value
$36,000
Date of disposal
1-Sep-24
Proceeds of disposal (cash)
$70,000