Pats Auto Dealership purchased a building on January 15 for $ 300,000 to be used for the

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Pat’s Auto Dealership purchased a building on January 15 for $ 300,000 to be used for the business. The residual value on the building is $ 0 and its expected useful life is 30 years. Prepare the adjusting entry required at year- end to record a full year of straight- line depreciation expense for this building.
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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