Depreciation On July 1, 2017, Basden Company buys a computer system for $370,400 in cash. Assume that the computer is expected to have a four-year life and an estimated salvage value of $20,000 at the end of that time. Required: 1. Identify and analyze the transaction to record the purchase of the computer on July 1, 2017 Activity Investing Accounts Computer System Increase, Cash Decrease Statement(s) Balance Sheet only Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative I.e, a decrease, be sure to enter the answer with a minus sign, Balance Sheet Net How doesntry affect the accounting equation Irracial statementem is not affected, select "Ne Entry and leave the amount to blank. Ir the effect on a francament de la negative, Le, a decrease be sure to enter the answer with a minus in Balance She Income Statement Stockholders Liabilities Equity Expenses Computer System Ne o No Entry 0 Ne Entry Ne Entry Netry Noby Parco 2. Computere depreciate cost of the computer 350.400 3. Luing the method come the only con porno Decry Won Previous AWO 199. How does this entry what the accounting in Barandial statement item is not affected with try and have to take afect on a financial statement Benis negative, er, enter then with me sign. Rama contra unised, it will have the act of de recording Marcas Kalamehe Income Stockholders Net Labs Equity Expenses Income Depreciation On July 1, 2017, Basden Company buys a computer system for $370,400 in cash. Assume that the computer is expected to have a four-year life and an estimated salvage value of $20,000 at the end of that time. Required: 1. Identify and analyze the transaction to record the purchase of the computer on July 1, 2017 Activity Investing Accounts Computer System Increase, Cash Decrease Statement(s) Balance Sheet only Feedback How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative I.e, a decrease, be sure to enter the answer with a minus sign, Balance Sheet Net How doesntry affect the accounting equation Irracial statementem is not affected, select "Ne Entry and leave the amount to blank. Ir the effect on a francament de la negative, Le, a decrease be sure to enter the answer with a minus in Balance She Income Statement Stockholders Liabilities Equity Expenses Computer System Ne o No Entry 0 Ne Entry Ne Entry Netry Noby Parco 2. Computere depreciate cost of the computer 350.400 3. Luing the method come the only con porno Decry Won Previous AWO 199. How does this entry what the accounting in Barandial statement item is not affected with try and have to take afect on a financial statement Benis negative, er, enter then with me sign. Rama contra unised, it will have the act of de recording Marcas Kalamehe Income Stockholders Net Labs Equity Expenses Income