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answer to those two exercise + quick explantions please no handwritings Depreciation Expense Using the Straight-Line Method The Pack Company purchased an office building for
answer to those two exercise + quick explantions please no handwritings
Depreciation Expense Using the Straight-Line Method The Pack Company purchased an office building for $4,500,000. The building had an estimated useful life of 40 years and an expected s vage value of $500,000. Calculate the depreciation expense for the second year using the straight-lie method 02. SE9-2 SE3-11. Sale of Equipment Prepare the jounal entry for the following transactions: (1) Geysler Company L04 sold some old equipment that initally cost $30,000 and had $25,000 of accumulated depreciation and received cash in the amount of $3,000. (2) Assume the same facts except Geysler received $9,000 Step by Step Solution
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