Crispies is a breakfast cereal manufacturing company. It is…

Crispies is a breakfast cereal manufacturing company. It is shifting its manufacturing process from batch processing to assembly line production. The information system for the assembly line is ready to be installed. Crispies decides to completely shut down the batch processing system and install the new assembly line. This style of conversion is known as ________.

ABC Company purchased a truck on January 1, 2015, at a cash…

ABC Company purchased a truck on January 1, 2015, at a cash cost of $15,000. The estimated residual value was $500 and the estimated useful life was 5 years. The company uses straight-line depreciation. On December 31, 2018, the company sold the truck for $3,000 cash. A. Prepare the journal entry to record depreciation expense for 2015. B. Prepare the journal entry to record the sale of the machine on December 31, 2018.  C. What was the book value of the machine at the end of 2017?