Adjusting Journal Entries-Extra Practice For each of the following for Roberts: a) Calculate the monthly depreciation b) Prepare the monthly depreciation entry 1. Factory purchased for $28,900,000 in 2000 with a warranty life of 40 years 2. Heavy duty Chevy truck with a residual value of $2,000 purchased in 2012 and a useful life of 30 years. Residual value is $100,000. for $242,000 with a manufacturer guarantee life of 5 years and a useful life of 4 years Warehouse building bought in 1998 for $24,200,000 with a useful life of 20 years. Residual value is $200,000. On August 1, 2017 equipment was purchased for $260,000, which had a residual value of $20,000. The manufacturer gave the company a 6 years warranty on the equipment. The company's management estimates the useful life of the equipment to be 4 years. How much accumulated depreciation will there be on December 31, 2017? 3. 4. September 30-The Company estimates that 6% ofits$6,000,000 Accounts Receivable is uncollectible. 5. October 9-The Very Bad Company, a customer with a $35,000 balance due, has gone bankrupt. 6. October 20- It has become known that another customer, Worse, Inc., who has not paid its outstanding $136,000 invoice in a year, is in severe financial difficulty 7. October 10-Roberts aggress to accept 7% Note in conversion of Miller's $65,000 Account Receivable 8, October 21-Rotten Company is in financial difficulty and owes Roberts $150,000. In an agreement between the two companies Rotten Company pays half its bill and Roberts writes off the rest. 9. 10. October 21- Rotten Company is in financial difficulty and owes Roberts $150,000. In an agreement between the two companies Rotten pays half its bill and Roberts accepts a note for the rest. 11. March 1-paid $10,000 rent for warehouse A for March and April