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Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated depreciation, building Equipment Accumulated depreciation, equipment? $468,800 598,400 422,400 207,200
Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated depreciation, building Equipment Accumulated depreciation, equipment? $468,800 598,400 422,400 207,200 62,000 Remaining estimated useful life is eight years with a residual value of $40,000; depreciated using the straight-line method to the nearest whole month 2 Total estimated useful life is 10 years with a residual value of $24,000; depreciated using the double-declining-balance method to the nearest whole month Required: Prepare the entries for each of the following (Round intermediate calculations to the nearest whole doller.) 1. The land and building were sold on September 27, 2021, for $651,000 cash 2. The equipment was sold on November 2, 2021, for $95,600 cash, O Answer is not complete
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