Restore the file Central Coast Cellular Ch 12 (Backup) that you downloaded from the student companion site, and then:

• Modify the 1/08/09 purchase of equipment using check 3002 to reflect the creation of a new fixed asset item using Equipment 1 as its purchase description and asset name.

• Modify the 1/22/09 purchase of equipment using check 3008 to reflect the creation of a new fixed asset item using Equipment 2 as its purchase description and asset name.
• Open the Fixed Asset Manager and create a new client.
• Synchronize the newly modified Fixed Asset List with the Fixed Asset Manager.
• Modify the two new assets in the Fixed Asset Manager to reflect straight-line book depreciation, a useful life of 10 years, and appropriate general ledger accounts for the asset, accumulated depreciation, and depreciation expense.
• Post the depreciation journal entry to QuickBooks Accountant as of 1/31/09 (Note: Depreciation recorded in QuickBooks Accountant prior to using the Fixed Asset Manager was greater than that computed. Thus your journal entry will reflect a decrease in depreciation expense and accumulated depreciation.

a. Print the Depreciation Schedule by G/L Account Number report from the Fixed Asset Manager using the book basis as of 1/31/09.

b. Print the journal entry 1/31/09 that was posted by the Fixed Asset Manager.

c. What is the expected book depreciation expense and ending accumulated depreciation for the Equipment 1 in the third year ended 12/31/11?