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At its December 31, 2019. year-end, Athletic Apparel had a warehouse with an adjusted book value of $296,500 and an estimated remaining useful life of
At its December 31, 2019. year-end, Athletic Apparel had a warehouse with an adjusted book value of $296,500 and an estimated remaining useful life of 15 years and residual value of $94,000. Because of pick-up and delivery issues at the warehouse, a contractor was hired to construct a new door into the east wall during the week of January 5, 2020, for $29.500 on account. The estimated useful life of the door is 15 years with an estimated residual value of $7.900 Athletic uses the straightline method to depreciate assets Required: 1. Record the installation of the new door View transaction list Journal entry worksheet 7 Record revised depreciation on warehouse. 10 points Note: Enter debits before credits General Journal Debit Credit Date December 31, 2020 look Print References Record entry Clear entry View general journal 1 A Record addition of door on East wall of warehouse. Note: Enter debits before credits General Journal Debit Credit Date January 05, 2020 Record entry Clear entry View general Journal
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