can you help me solve this please
a | Straight-line method | ||||
Year | Depreciation Exp. | ||||
1 | $17,500 | ||||
2 | $17,500 | ||||
3 | $17,500 | ||||
Depreciation per year = ($375,000 - $25,000)/20 = $17,500 | |||||
b | Book Value $322,500 ($375,000 - $52,500) | ||||
c | |||||
Date | General Journal | Debit | Credit | ||
Jan 03 | Cash | $300,000 | |||
Accumulated Depreciation | $52,500 | ||||
Loss on Sale of Equipment | $22,500 | ||||
Equipment | $375,000 | ||||
d | |||||
Date | General Journal | Debit | Credit | ||
Jan 03 | Cash | $325,000 | |||
Accumulated Depreciation | $52,500 | ||||
Gain on Sale of Equipment | $2,500 | ||||
Equipment | $375,000 | ||||
can you help me solve this please oE0OK Show Me How Calculator Print Hem Disposal of...
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