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a 2 3 Joe Cunningham Co purchased machine on January 1, 2015. On December 31, 2018, the firm that the entry for depreciation expense had
a 2 3 Joe Cunningham Co purchased machine on January 1, 2015. On December 31, 2018, the firm that the entry for depreciation expense had been omitted in 2016. In addition, countant that the company plans to witch to straight-line depreciation starting with the the company was the more young (SYD) method for depreciatio n Info the machine follows Cost of equipment Estimated life in years Estimated salvage value norta 12 Instructions: 13 Prepare the general journal entries that should be made at December 31, 2018. to record the 14 effects.) Do not record "cents in your amounts Note: Must use Excel's function to calculate SYD depreciation Do not use negative sign or parentheses anywhere in the ans Calculation of depreciation using the SYD method: Cost of the machine Less: Depreciation prior to 2018 using SYD 2015 2016 2017 Total Book Value at January 1, 2018 Depreciation for 2018 using the Excel function for Straight-line in making the following entries, use cell references only to the above Select from the following acce 2 .1 promo Bor i ng the Excel Tunction for straight-line In making the following entries, use cell references only to the above numbers Entry to correct the omission of depreciation for 2016: Dahit 12/31/18 Select from the follow Accumulated Deprecia Additional Paid-in Cape Cash Depreciation Expense Equipment Net Income Retained Earnings Entry to record 2018 depreciation Debit Credit 12/31/18
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