Question
2. Equipment acquired on January 6, 2012 at a cost of Rp 714,000,000, has an estimated useful life of 12 years and estimated residual value
2. Equipment acquired on January 6, 2012 at a cost of Rp 714,000,000, has an estimated useful life of 12 years and estimated residual value of IDR 44,400,000
Question: a. What is the annual depreciation amount for 2012, 2013 and 2014 using the straight-line depreciation method? b. What was the book value of the equipment on January 1, 2015? c. Assuming the equipment was sold on January 3, 2015 for Rp 525,000,000, make the journal entry to record the sale! d. It is assumed that the equipment was sold on January 3, 2015 for Rp 560,000,000. Prepare journal entries to record sales!
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