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Current Attempt in Progress Machinery purchased for $ 6 0 , 0 0 0 by Tom Brady Co . in 2 0 2 1 was
Current Attempt in Progress
Machinery purchased for $ by Tom Brady Co in was originally estimated to have a life of years with a salvage value of
$ at the end of that time. Depreciation has been entered for years on this basis. In it is determined that the total
estimated life should be years with a salvage value of $ at the end of that time. Assume straightline depreciation.a
Your answer is incorrect.
Prepare the entry to correct the prior years' depreciation, if necessary. If no entry is required, select No entry" for the account titles
and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit
entry before credit entry.
Account Titles and Explanation
Debit
Credit
Credit
Your answerisincorrect.
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