Question
Bob, Co. purchased land (valued $20K), buildings (value $40K), and equipment ($50K) for $100K. Record the journal entry for the purchase and the first-year depreciation
Bob, Co. purchased land (valued $20K), buildings (value $40K), and equipment ($50K) for $100K.
Record the journal entry for the purchase and the first-year depreciation of the building assuming 20 year useful life and no salvage value.
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
