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Complete the Depreciation SChedules for each of the planned asset purchases using the provided information regarding cost, useful life, and selected method. You should do
Complete the Depreciation SChedules for each of the planned asset purchases using the provided information regarding cost, useful life, and selected method. You should do only the first four years for the building and do the complete useful life depreciation schedules for all of the other assets. (With Formulas)
NFT Consulting and Sales Inc Post Closing Trial Balance October 31, 2018 Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Inventory Prepaid Insurance Land Building Accumulated Depr- Building Office Equipment Accumulated Depr Office Equip Computer Equipment Accumulated Depr- Computer Equip Accounts Payable Utilities Payable Wages Payable Interest Payable Long term Note Payable Mortgage Payable Common Stock (S1 par, 1,000,000 304,900 76,580 5,690 56,500 68,596 57,890 260,000 550,000 25,650 856,850 22,500 556,500 10,250 56,560 16,850 58,950 25,000 390,000 406,800 400,000 shares authorized, 400,000 issued and outstanding) Retained Earnings 1,369,566 2,787,816 $ 2,787,816Step by Step Solution
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