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3. Prepare a depreciation schedule, and associated entries in the following hypothetical purchase of computers, and confirm the request regarding the value and accumulated
3. Prepare a depreciation schedule, and associated entries in the following hypothetical purchase of computers, and confirm the request regarding the value and accumulated depreciation. Company A on January 1, 2021 was invoiced 10,000 Euro worth of computer equipment from Tech Company. There are 5 sets of computers, 2 are MacBooks and 3 are PC's. 1 Euro on January 1, 2021 is equivalent to $1.2134 USD. Company A pays Tech Company 10,000 Euros on January 31, 2021. . Tech Company's payment terms are net 30 days. On January 31st, the Euro is equivalent to $1.2122 USD. Company A's primary currency is USD for all reporting purposes. Company A depreciates these computers over its three-year useful life. Company A also uses other currencies such as the GBP, AUD, and CAD. Please create the entries associated with the purchase, payment, and the amortization schedule. Please confirm the total value and accumulated depreciation of the computers for YE 2021.
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