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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 $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 $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...
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...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $120,720,...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $120,720, has an estimated useful life of 13 years, has an estimated residual value of $7,750, 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 76,992. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $111,750,...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $111,750, has an estimated useful life of 14 years, has an estimated residual value of $9,550, 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 75,510. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $132,860,...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $132,860, has an estimated useful life of 16 years, has an estimated residual value of $7,900, 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 93,237. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $138,780,...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $138,780, has an estimated useful life of 14 years, has an estimated residual value of $9,700, 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 94,035. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset Equipment acquired on January 5 at a cost of $117,400,...
Entries for Sale of Fixed Asset Equipment acquired on January 5 at a cost of $117,400, has an estimated useful life of 15 years, has an estimated residual value of $7,450, 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 79,642. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $163,700,...
Entries for Sale of Fixed Asset 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 deprecated 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 117,352 1. Journalize the entry to record depreciation for...
Equipment acquired on January 8 at a cost of $168,000 has an estimated useful life of...
Equipment acquired on January 8 at a cost of $168,000 has an estimated useful life of 18 years, has an estimated residual value of $15,000, 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 $125,000, journalize the entries to record (1) depreciation for the three months until the sale...
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...
Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $111,750, has an estimated useful life of 14 years, has an estimated residual value of $9,550, 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 75,510. 1. Journalize the entry to record depreciation...
Entries for Sale of Fixed Asset 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 deprecated 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 117,352 1. Journalize the entry to record depreciation for...
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