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accumulated depreciation a-c. thank you !!! I took new photos. I didnt see what needed to be fixed 8 Step 1: Determine what the current

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accumulated depreciation a-c. thank you !!!

image text in transcribed

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I took new photos. I didnt see what needed to be fixed

8 Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year 2.6 points a. Accumulated Depreciation: The Krug Company's Accumulated Depreciation account has a $22,000 balance to start the year. A review of depreciation schedules reveals that $24,800 of depreciation expense must be recorded for the year. eBook Accumulated depreciation Hint Step 1: Determine what the current account balance equals. Print Step 2: Determine what the current account balance should equal References Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. Accumulated depreciation -Truck 0 Step 1 Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 1: Determine what the current account balance equals. Accumulated depreciation -Truck 0 Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 es c. Accumulated Depreciation: The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $66,000, had an estimated life of seven years, and is expected to be valued at $14,200 at the end of the seven years. Accumulated depreciation -Equipment Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Saved 3 For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year eBook Hint a. Accumulated Depreciation: The Krug Company's Accumulated Depreciation account has a $22.000 balance to start the year. A review of depreciation schedules reveals that $24,800 of depreciation expense must be recorded for the year. Print eferences Step 1: Determine what the current account balance equals Accumulated depreciation Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. Accumulated depreciation Truck n Sten 1 Determine what the current arcount halenre anal ype here to search 0 INTI FAN Saved 8. b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. 6 oints Step 1: Determine what the current account balance equals. Accumulated depreciation -Truck 0 eBook Step 2: Determine what the current account balance should equal Hint Print Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 References c. Accumulated Depreciation: The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $66,000, had an estimated life of seven years, and is expected to be valued at $14.200 at the end of the seven years. Accumulated depreciation --Equipment Step 1 Determine what the current account balance equals Step 2 Determine what the current account balance should equal Step 3 Record the December 31 adjusting entry to get from step 1 to step 2 Me w 8 Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year 2.6 points a. Accumulated Depreciation: The Krug Company's Accumulated Depreciation account has a $22,000 balance to start the year. A review of depreciation schedules reveals that $24,800 of depreciation expense must be recorded for the year. eBook Accumulated depreciation Hint Step 1: Determine what the current account balance equals. Print Step 2: Determine what the current account balance should equal References Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. Accumulated depreciation -Truck 0 Step 1 Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 1: Determine what the current account balance equals. Accumulated depreciation -Truck 0 Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 es c. Accumulated Depreciation: The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $66,000, had an estimated life of seven years, and is expected to be valued at $14,200 at the end of the seven years. Accumulated depreciation -Equipment Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 Saved 3 For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year eBook Hint a. Accumulated Depreciation: The Krug Company's Accumulated Depreciation account has a $22.000 balance to start the year. A review of depreciation schedules reveals that $24,800 of depreciation expense must be recorded for the year. Print eferences Step 1: Determine what the current account balance equals Accumulated depreciation Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. Accumulated depreciation Truck n Sten 1 Determine what the current arcount halenre anal ype here to search 0 INTI FAN Saved 8. b. Accumulated Depreciation: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $61,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. 6 oints Step 1: Determine what the current account balance equals. Accumulated depreciation -Truck 0 eBook Step 2: Determine what the current account balance should equal Hint Print Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 References c. Accumulated Depreciation: The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $66,000, had an estimated life of seven years, and is expected to be valued at $14.200 at the end of the seven years. Accumulated depreciation --Equipment Step 1 Determine what the current account balance equals Step 2 Determine what the current account balance should equal Step 3 Record the December 31 adjusting entry to get from step 1 to step 2 Me w

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