SHOW ALL WORK, NO WRITTEN WORK Noa Company purchased a machine on 1 January, 2014, for $180,000 and
SHOW ALL WORK, NO WRITTEN WORK Noa Company purchased a machine on 1 January, 2014, for $180,000 and estimates its useful life and residual value at 10 years and $30,000, respectively. On 1 January, 2020, the company added 6 years to the original useful-life estimate. What is the depreciation expense amount for year ended on 31 December, 2020, assuming that Noa uses the straight-line method. Ori Company borrows $5,000 from Liat Corp. on Sep/30/2018, by signing a note to Liat. The note is to be repaid in full (with interest) on Jan/31/2019. The stated interest rate on the note is 9%. What is the interest expense amount to be recognized on Dec/31/2018? Liat Company purchased a machine on 1 January, 2016, for $100,000 and estimates its useful life and residual value at 6 years and $1,500, respectively. The company uses the Double Declining Balance Depreciation method. On 1 January, 2018, the company sold the machine for $42,000. What was the gain (positive) or the Loss (Negative) from the sale? On January 1, 2019, Shai Corporation issues $120,000 of its 7 year bonds which have an annual stated rate of 8% , and pay interest semi annually each June 30 and December 31, starting June 30, 2019. The bonds were issued for $133,555 to yield 6% annually. What is the interest expense amount to be recognized on the interest journal entry on December 31, 2019?