SNOW Me How Calculator PER isposal of fixed asset Instructions Chart of Accounts First Questions Journal...
Equipment acquired on January 6 at a cost of $335,190, has an estimated useful life of 13 years and an estimated residual value of $68,690.
A What was the annual amount of depreciation for the Years 1-3 using the straight line method of depreciation?
B. What was the book value of the equipment on January 1 of Year 47
C. Assuming that the equipment was sold on January 3 of Year 4 for $256,656, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles
D. Assuming that the equipment had been sold on January 3 of Year 4 for $287,515 instead of $256.655 journalize the entry to record the sale Refer to the Chart of Accounts for exact wording of account titles
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SNOW Me How Calculator PER isposal of fixed asset Instructions Chart of Accounts First Questions Journal...
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