Question

4 of 4 (0 complete) HW Score: 0%, 0 of 15 pts Score: 0 of 5 pts P6-50A (alt3) Taylor Corporation reported the following related to property and equipment (all in millions): Click the icon to view the data.) Read the requirements Requirement 1. T-accounts for Property and Equipment and Accumulated Depreciation have been opened for you. Enter information as presented and solve for the unknown in each account. (Hint: Recall the types of transactions that make each of the two accounts increase and decrease. You are solving for the cost of Property and Equipment sold and the Accumulated Depreciation on those assets. (Enter amounts in millions as provided in the problem statement. Abbreviations used: Accum depr = Accumulated depreciation.) Begin by posting to the Property and Equipment account. Property and Equipment Choose from any list or enter any number in the input fields and then click Check Answer parts o remaining Clear All Check Answer 1:37 earch 3 Handout 6 - Con... 9 Course Home - G.. ALEN WARE BACKSPACE

only need to complete the table

Answer 1

Solution:

Property And Equipment
Beg. Bal.	24300	Equipment sold (24300+2360-26140)	520
Equipment Purchase	2360
End. Bal.	26140

Accumulated Depreciation
Accum. Depr. On Equipment sold (16850+1245-17645)	450	Beg. Bal.	16850
		Depreciation expense	1245
		End. Bal.	17645