Homework Answers
Journal Entry (Adjusting Entries for depreciation)
| Date | Particulars | Debit | Credit |
| Dec 31,2021 |
Depreciation |
10600 | 10600 |
| Dec 31,2022 |
Depreciation Accumulated Depreciation |
10600 | 10600 |
Calculation of Depreciation expense
=(Cost - Salvage value)/useful life
=(53000 -0)/5 =$10600
Add Answer to:
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