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Beaver Construction purchases new equipment for $34,800 cash on April 1, 2021. At the time of purchase, the equipment is expected to be used in
Beaver Construction purchases new equipment for $34,800 cash on April 1, 2021. At the time of purchase, the equipment is expected to be used in operations for five years (60 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 60 months (5580 month). Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Accumulated Depreciation and Depreciation Expense (assuming the balance of Accumulated Depreciation at the beginning of 2021 is 50). Complete this question by entering your answers in the tabs below. Required 1 SMO 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below to curator articular transaction et see culture that countries View front Journal entry worksheet 2 > Hecord the purchase of cont. Dista General Journal Det Credit Beaver Construction purchases new equipment for $34.800 cash on April 1, 2021. At the time of purchase, the equipment is expected to be used in operations for five years (60 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 60 months ($580 month). Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Carculate the year-end adjusted balances of Accumulated Depreciation and Depreciation Expense (assuming the balance of Accumulated Deprecation at the beginning of 202115 $0 Complete this question by entering your answers in the tabs below. Band 1 and 2 Hoguined Calculate the year and autod balances of Accumulated Depreciation and Depreciation Ente Cassuming the balance of Accumulated Deprecation at the beginning of 2020 Ending and Alte decoration DIG od 1 and
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