Cara Company is in the process of preparing its financlasztements for 2020. Assume that no entries for depreciation have been recorded in 2020. Therlowing information related to depreciation of the acts is provided to you. 1. Carla purchased equipment on January 2 2017,for S01900. At that time, the equipment had an estimated set ile or 10 years with a 5000 salvage value, Theciment is deprecated on a straight basis. On.Gurry 2.2020 as a result of adulto al mormacion the company determined that the equipment has a remaining schulter 4 years with a 2. During 2021 Carlachar rom the double-lecinin- horis buiding to the straight line method The build neeru nally cost $20 it to a seule of 10 years and a s evakor $29c Therowie commutations e t de la non behores for 2015an 2012 Straight-inc Declining balance 2019 2018 526 100 $26.100 46 400 58.000 3. Carapirttused matheonly 1, 2018 at a t $130XXI The machine ha sap u to and litect years Care's percorrerantine depreciation in 2018 2017 in tale terrier the sales Prere the journal entries to record deprecationespense for 2020 and correct any errors made toate related to the Informacion p lanera t other t h e went i n Duitsw e r e d "No Ero s onitside for anots! No. Account Titles and Explanation Debit Credit (To record current or depredation. (To correct pater var depreciation) List of Accounts SHAREALIK 2019 2000 2000 2021 w as $250000 in 2019. ! CARLA COMPANY Comparative Income Statements Income before deprecisione per $ D EMINI Cara Company is in the process of preparing its financlasztements for 2020. Assume that no entries for depreciation have been recorded in 2020. Therlowing information related to depreciation of the acts is provided to you. 1. Carla purchased equipment on January 2 2017,for S01900. At that time, the equipment had an estimated set ile or 10 years with a 5000 salvage value, Theciment is deprecated on a straight basis. On.Gurry 2.2020 as a result of adulto al mormacion the company determined that the equipment has a remaining schulter 4 years with a 2. During 2021 Carlachar rom the double-lecinin- horis buiding to the straight line method The build neeru nally cost $20 it to a seule of 10 years and a s evakor $29c Therowie commutations e t de la non behores for 2015an 2012 Straight-inc Declining balance 2019 2018 526 100 $26.100 46 400 58.000 3. Carapirttused matheonly 1, 2018 at a t $130XXI The machine ha sap u to and litect years Care's percorrerantine depreciation in 2018 2017 in tale terrier the sales Prere the journal entries to record deprecationespense for 2020 and correct any errors made toate related to the Informacion p lanera t other t h e went i n Duitsw e r e d "No Ero s onitside for anots! No. Account Titles and Explanation Debit Credit (To record current or depredation. (To correct pater var depreciation) List of Accounts SHAREALIK 2019 2000 2000 2021 w as $250000 in 2019. ! CARLA COMPANY Comparative Income Statements Income before deprecisione per $ D EMINI
