ASSIGNMENT Calculating and recording depreciation Problem: The Bell Company bought a laser printer for $20,000 on...
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ASSIGNMENT Calculating and recording depreciation Problem: The Bell Company bought a laser printer for $20,000 on April 1, 2023. It had a useful life of 3 years or 1,000,000 pages of printing and a residual value at the end of its life of $5,000. The company's year-end is December 31. The printer printed 645,000 pages in 2023 and 400,000 pages in 2024. Instructions: Prepare the adjusting journal entry to record depreciation expense for 2023 and 2024 using the straight-line, double diminishing-balance, and units-of-production methods. General Journal Date Account Titles and Explanation Ref Debit Credit General Journal Date Account Titles and Explanation Ref Debit Credit General Journal Date Account Titles and Explanation Ref Debit Credit ASSIGNMENT Calculating and recording depreciation Problem: The Bell Company bought a laser printer for $20,000 on April 1, 2023. It had a useful life of 3 years or 1,000,000 pages of printing and a residual value at the end of its life of $5,000. The company's year-end is December 31. The printer printed 645,000 pages in 2023 and 400,000 pages in 2024. Instructions: Prepare the adjusting journal entry to record depreciation expense for 2023 and 2024 using the straight-line, double diminishing-balance, and units-of-production methods. General Journal Date Account Titles and Explanation Ref Debit Credit General Journal Date Account Titles and Explanation Ref Debit Credit General Journal Date Account Titles and Explanation Ref Debit Credit
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