On January 1, 2024, MINE Corporation leased several machines to CRAFT Company under a three- year operating lease agreement. The first payment occurs on lanuary list, at the beginning of the lease. The lease calls for semiannual payments of $20,500 each, payable on June 30 and January 1 of each year. The machines were acquired by Mine Corporation at a cost of $135,000 and are expected to have a useful life of five years with no expected residual value. How much depreciation expense will MINE Corporation record during the year ending December 31, 2024 ? $45,000 $27,000 $41,000 The lessor will not record depreciation because the lessee will record it.

Can you answer part E of this qu

But why? for number 3

Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800