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accounting for property plant equipment and intangible assets 16B-4. Journalize the following transactions for the Robe Company and below each entry show all calculations: digits
accounting for property plant equipment and intangible assets
16B-4. Journalize the following transactions for the Robe Company and below each entry show all calculations: digits 20XX Jan. 8 Feb. 9 Ched May Los Sold a truck for $3,600 that cost $12,800 and had accumulated depreciation of S10.800 A machine costing $4,000 with accumulated depreciation of $3,390 was destroyed in a fire. The insurance company settled the claim for $150. Traded in a machine costing $18,500 with $15,750 of accumulated depreciation May (which is up-to-date) for a new machine costing $26,200 with a trade-in allowance of $2,600. The loss is to be recognized. Traded in a machine costing $39,500 with $35,700 of accumulated depreciation (depreciation is up-to-date) for a new machine for a cash price of $44,000 and a trade-in allowance of $11,500. Aug. 19 Journalize the May 9 transaction using the income tax method. Sept. 12 A truck costing $11,000 and fully depreciated was disposed of. July 10Step by Step Solution
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