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Cullumber Co, purchased equigment on March 1.2019, for $107.500 en account The equioment had an intinatod une iul ifeul s. method of depreciation with a
Cullumber Co, purchased equigment on March 1.2019, for $107.500 en account The equioment had an intinatod une iul ifeul s. method of depreciation with a 20% rate and calculates depreciation for partia periods to 1 the nearmt manth. The campany his an August 31 year end. Record the acquisition of the equipenent on March 1.2019. (Credit actount tities are dutomaeically indented when the dmotant is entered. Do not indent manwally, if no entry is reuwired, select "No Entry" for the account tieles and finter of for the dmounts. Record depreciation at August31,2019,2020, and 2021. (Credit account fitles are automoticalify indented whien the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titlen and eater D for the amounts.) 2020 Date Account Titles and Explanation Aug. 31 Deareciation Exorose Accumulated Depreciation- Equigment (To record depreciation expense) 2021 Date Account Titles and Explanation Aug. 31 Denreciation Expense Accumulated Depreciation - Equipment (To record depreciation eapense) eTextbook and Media List of Accounts When the amount is entered. Do nat indent manually. If no entry is required, ielpet 'Mo tntoy" for ike ackaunt kilet a 3 enter 0 for the amounts.) 1. It was scrapoed with no residual value. 2. It was sold for $61.39CL. 3. It was sold tor $51.680. 4. It was traded for new equipment with allst grite of $85250. Cillumber was given a irafe-in a5swarce ca 151.250 on the date of the exchange. Question 4 of 4 1. Feb, 1 [To record dispolat) 2. Feb. 1 (To record disposal] 3. Feb. 1 1201
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