As part of a major renovatio.n at the beginning of the year. Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 yeats old for $1,100 cash. The shelves orginally cost $7,600and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $600

Chapter 9 Homework Saved Help Save & Exit Submit Required information [The following information applies to the questions displayed below.] Part 1 of 2 As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,100 cash. The shelves originally cost $7,600 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $600. 2.5 points 1. Complete the table below, indicating the account, amount, and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.) eBook Assets Liabilities Stockholder's Equity Print References Mc Graw Hill Education Seved Required information The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year. Atiase Pharmaceuticals, Inc. sold shelving units recorded as Equipment that were 10 years old for $1100 cash. The shelves originally cost $7600 and had been deprecated on a Straight lines over an estimated us e of 10 years with an estimated residual value of $600. 1. Complete the table below, indicating the account amount and direction of the effect on disposal. Assume that depreciation has been recorded to the date of sale Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round calculations.) S PORK sro v Next >