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(1) not completed thank you in advance & ill make sure to rate Required: 1 Indicate the effects (accounts, amounts, and + or of each
(1) not completed
thank you in advance & ill make sure to rate
Required: 1 Indicate the effects (accounts, amounts, and + or of each transaction on the accounting equation. Use the following schedule: (If the transaction does not impact the accounting equation choose "No effect" in the first column under "Assets".) Stockholders' Equity Date Assets Liabilities Equipment (Van Short term note payable January 48 800 36.000 Cash (12 800) Cash January (700) Equipment (Van) 700 September Cash Short term note payable (36,000) 30 2. Compute the acquisition cost of the van. Acquisition Cost of the Van $ 0 Acquisition cost 3. Compute the depreciation expense to be reported for Year 1 Depreciation expense minus sign.) 5. What would be the net book value of the van at the end of Year 2? (Amounts to be deducted should be indicated by a Net book value at end of year 2 0Step by Step Solution
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