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Computer equipment (office equipment) purchased 6½ years ago for $170,000, with an estimated life of eight...
Equipment acquired on January 8 at a cost of $177,240 has an estimated useful life of...
Equipment acquired on January 8 at a cost of $177,240 has an estimated useful life of 19 years, has an estimated residual value of $7,000, and is depreciated by the straight-line method. b. Assume that the equipment was sold on April 1 of the fifth year for $133,780. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $375,000 has an...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $375,000 has an estimated useful life of 20 years and an estimated residual value of $25,000. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year! Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 42 Assuming that the equipment was sold on January 3 of...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $441,600 has an...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $441,600 has an estimated useful life of 10 years and an estimated residual value of $57,600. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 $ Year 2 $ Year 3 $ b. What was the book value of the equipment on January 1 of Year 4? $ Feedback c. Assuming that the...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $358,800, has an...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $358,800, has an estimated useful life of 10 years and an estimated residual value of $46,800. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 $ Year 2 $ Year 3 $ b. What was the book value of the equipment on January 1 of Year 4? $ c. Assuming that the equipment...
14. EX.09-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a cost of...
14. EX.09-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $338.100. has an estimated useful life of 7 years and an estimated residual value of $44,100. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 $ Year 2 $ Year 3$ b. What was the book value of the equipment on January 1 of Year 4? C. Assuming that the...
purchased merchandise on account from Martin co Entries for Sale of Fixed Asset Equipment acquired on...
purchased merchandise on account from Martin co
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $139,250 has an estimated useful life of 16 years, has an estimated residual value of $7,250, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? Check My Work Book value is the initial cost of the fixed asset minus the accumulated depreciation....
Equipment acquired on January 8 at a cost of $163,700, has an estimated useful life of...
Equipment acquired on January 8 at a cost of $163,700, has an estimated useful life of 16 years, has an estimated residual value of $9,300, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ 125,100 Feedback b. Assuming that the equipment was sold on April 1 of the nth year for 117,352. 1. Journalize the entry to record depreciation for the three months...
ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8...
ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8 at a cost of $132.970, has an estimated useful life of 13 years, has an estimated residual value of 59,600, and is deprecated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? 6. Assuming that the equipment was sold on April 1 of the fifth year for 87.632. 1. Journalize the...
Equipment acquired on January 8 at a cost of $150,000, has an estimated useful life of...
Equipment acquired on January 8 at a cost of $150,000, has an estimated useful life of 20 years, has an estimated residual value of $8,600, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ b. Assuming that the equipment was sold on April 1 of the fifth year for 114,762. 1. Journalize the entry to record depreciation for the three months until the...
Equipment acquired on January 8 at a cost of $160,720, has an estimated useful life of...
Equipment acquired on January 8 at a cost of $160,720, has an estimated useful life of 19 years, has an estimated residual value of $7,200, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 120,390 1. Journalize the entry to record depreciation for the three months until the sale...
Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $375,000 has an estimated useful life of 20 years and an estimated residual value of $25,000. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year! Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 42 Assuming that the equipment was sold on January 3 of...
14. EX.09-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $338.100. has an estimated useful life of 7 years and an estimated residual value of $44,100. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 $ Year 2 $ Year 3$ b. What was the book value of the equipment on January 1 of Year 4? C. Assuming that the...
purchased merchandise on account from Martin co
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $139,250 has an estimated useful life of 16 years, has an estimated residual value of $7,250, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? Check My Work Book value is the initial cost of the fixed asset minus the accumulated depreciation....
Equipment acquired on January 8 at a cost of $163,700, has an estimated useful life of 16 years, has an estimated residual value of $9,300, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ 125,100 Feedback b. Assuming that the equipment was sold on April 1 of the nth year for 117,352. 1. Journalize the entry to record depreciation for the three months...
ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8 at a cost of $132.970, has an estimated useful life of 13 years, has an estimated residual value of 59,600, and is deprecated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? 6. Assuming that the equipment was sold on April 1 of the fifth year for 87.632. 1. Journalize the...
Equipment acquired on January 8 at a cost of $160,720, has an estimated useful life of 19 years, has an estimated residual value of $7,200, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 120,390 1. Journalize the entry to record depreciation for the three months until the sale...
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