Question
A DEBIT to Equipment of $20,000. Assuming everything held the same, EXCEPT for an additional expenditure of $3,000 made to install the build a platform
A DEBIT to Equipment of $20,000. Assuming everything held the same, EXCEPT for an additional expenditure of $3,000 made to install the build a platform to get the asset ready for operation. What would be the new Journal Entry (JE)?
Q2: SP-2 shows LAND at 30,000 and Equipment at 20,000. Suppose that the appraisal of the Land and Equipment had not been 27,600 and 18,400, respectively, but rather 28,600 and 17,400*. What would be the new Journal Entry (JE)? Calculate.
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In both questions were essentially adjusting the balances of two specific assets in the companys boo...
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Accounting Principles Part 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition
1118306783, 978-1118728918, 1118728912, 978-1118306789
