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Accumulated depreciation (2019 to 2020) = (54000-6000/5*2) = 19200
Depreciation 2021 = (54000-19200-3600)*8/36 = 6933
No | General Journal | Debit | Credit |
Depreciation expense | 6933 | ||
Accumulated depreciation | 6933 | ||
I will give thumbs up for correct answer! Required information [The following information applies to the...
I will give thumbs up for correct answers! Required information [The following information applies to the questions displayed below.) Wardell Company purchased a mainframe on January 1, 2019, at a cost of $54,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $6,000. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $3,600....
Please help ASAP! I will give thumbs up for correct answers! Required information [The following information applies to the questions displayed below. Wardell Company purchased a mainframe on January 1, 2019, at a cost of $54,000. The computer was depreciated using the straight-line method over an estimated five-year life with an estimated residual value of $6,000. On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was...
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