Business, 25.04.2020 03:52, makrosebud7821
Oki Company pays $264,350 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. Paid $16,150 cash for a new component that increased the equipment’s productivity. Paid $4,038 cash for minor repairs necessary to keep the equipment working well. Paid $9,100 cash for significant repairs to increase the useful life of the equipment from four to seven years.
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Oki Company pays $264,350 for equipment expected to last four years and have a $30,000 salvage value...
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