Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8 at a cost of $132.970, has an estimated useful

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8 at a cost of $132.970, has an estimated useful life of 13 years, has an estimated residual value of 59,600, and is deprecated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? 6. Assuming that the equipment was sold on April 1 of the fifth year for 87.632. 1. Journalize the entry to record depreciation for the three months until the spledate. Round your ass to the rest whole dollar if required. 2. Journize the entry to record the sale of the equipment. If an amount box does not require an entry leave it blank. Do not round Intermediate calculations, Entries for Sale of Fixed Asset Print item Equipment acquired on January 8 at a cost of $132,970, has an estimated useful life of 13 years, has an estimated residual value of a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the nerest whole dollar if EL Accounts Payable Accumulated Depreciation Equipment Cash d the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round inter Depreciation Expense-Equipment Equipment Equipment Expense U. What was the book value of the equipment at December 31 the end of the fourth year? UJIUI We of 13 years, has an estimate b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the ne Accounts Payable Accumulated Depreciation Equipment d the sale of the equipment. If an amount box does not require an entry, leave it blank. Cash O Depreciation Expense-Equipment Equipment Equipment Expense b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round you 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an e Accounts Payable Cash Depreciation Expense-Equipment Equipment Gain on Sale of Equipment B. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round 2. Journalize the entry to record the sale of the equipment. If an amount box does not require a Accounts Payable Accumulated Depreciation-Equipment Depreciation Expense-Equipment Equipment Gain on Sale of Equipment | 1. Journalize the entry to record depreciation for the three months until the sale date. 2. Journalize the entry to record the sale of the equipment. If an amount box does not reg Accounts Receivable Depreciation Expense-Equipment Equipment Loss on Sale of Equipment Depreciation Payable-Equipment 2. Journalize the entry to record the sale of the equipment. If an amo Accumulated Depreciation-Equipment Equipment Equipment Expense Gain on Sale of Equipment Loss on Sale of Equipment ebook Show Me How Calculator Entries for Sale of Freed Asset Equipment acquired on January 8 at a cost of $132.970, has an estimated useful life of 13 years, has an estimated residual value of 59,600, and is deprecated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? 6. Assuming that the equipment was sold on April 1 of the fifth year for 87.632. 1. Journalize the entry to record depreciation for the three months until the spledate. Round your ass to the rest whole dollar if required. 2. Journize the entry to record the sale of the equipment. If an amount box does not require an entry leave it blank. Do not round Intermediate calculations, Entries for Sale of Fixed Asset Print item Equipment acquired on January 8 at a cost of $132,970, has an estimated useful life of 13 years, has an estimated residual value of a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the nerest whole dollar if EL Accounts Payable Accumulated Depreciation Equipment Cash d the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round inter Depreciation Expense-Equipment Equipment Equipment Expense U. What was the book value of the equipment at December 31 the end of the fourth year? UJIUI We of 13 years, has an estimate b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the ne Accounts Payable Accumulated Depreciation Equipment d the sale of the equipment. If an amount box does not require an entry, leave it blank. Cash O Depreciation Expense-Equipment Equipment Equipment Expense b. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round you 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an e Accounts Payable Cash Depreciation Expense-Equipment Equipment Gain on Sale of Equipment B. Assuming that the equipment was sold on April 1 of the fifth year for 87,632. 1. Journalize the entry to record depreciation for the three months until the sale date. Round 2. Journalize the entry to record the sale of the equipment. If an amount box does not require a Accounts Payable Accumulated Depreciation-Equipment Depreciation Expense-Equipment Equipment Gain on Sale of Equipment | 1. Journalize the entry to record depreciation for the three months until the sale date. 2. Journalize the entry to record the sale of the equipment. If an amount box does not reg Accounts Receivable Depreciation Expense-Equipment Equipment Loss on Sale of Equipment Depreciation Payable-Equipment 2. Journalize the entry to record the sale of the equipment. If an amo Accumulated Depreciation-Equipment Equipment Equipment Expense Gain on Sale of Equipment Loss on Sale of Equipment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Valuation For Accountants A Short Course Based On IFRS

Authors: Stephen Lynn

1st Edition

9811503567, 9789811503566

More Books

Students also viewed these Accounting questions

Question

=+b) In which graph is a larger value of a used?

Answered: 1 week ago