Bdu f. a C. Rollins owns 100% of Felix. Rollins purchased equipment on January 1, 2002 for $100,000. The How much is debited to retained earnings in 2014 2. equipment had a useful life of 10 years and straight line depreciation was used. On January 1, 2009 Rollins sells this equipment to Felix for $30,000. Felix uses a 5 year depreciable life for the equipment and continues to use the equipment through 2010. How much gain on sale does Rollins record in 2009. b. How much does Felix record the purchase for in 2009. How much is the consolidated gain on sale of equipment in 2009. How much is consolidated Equipment and Accumulated Depreciation at December 31, 2009 How much is consolidated Equipment and Accumulated Depreciation at December 31, 2010 What is the worksheet debit and credit entry to record excess depreciation in 2009 ? What is the worksheet debit and credit entry to record excess depreciation in 2010 ? h. What additional worksheet entry is needed in 2009 ? What additional worksheet entry is needed in 2010? Complete Chapter 5 problems 1,2,3,4,5,6 and 7 from the textbook + problems 8 d. e. f 8 1. Bdu f. a C. Rollins owns 100% of Felix. Rollins purchased equipment on January 1, 2002 for $100,000. The How much is debited to retained earnings in 2014 2. equipment had a useful life of 10 years and straight line depreciation was used. On January 1, 2009 Rollins sells this equipment to Felix for $30,000. Felix uses a 5 year depreciable life for the equipment and continues to use the equipment through 2010. How much gain on sale does Rollins record in 2009. b. How much does Felix record the purchase for in 2009. How much is the consolidated gain on sale of equipment in 2009. How much is consolidated Equipment and Accumulated Depreciation at December 31, 2009 How much is consolidated Equipment and Accumulated Depreciation at December 31, 2010 What is the worksheet debit and credit entry to record excess depreciation in 2009 ? What is the worksheet debit and credit entry to record excess depreciation in 2010 ? h. What additional worksheet entry is needed in 2009 ? What additional worksheet entry is needed in 2010? Complete Chapter 5 problems 1,2,3,4,5,6 and 7 from the textbook + problems 8 d. e. f 8 1