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Exercise 1 1 - 8 A ( Algo ) Recording manufacturing overhead costs in T - accounts LO 1 1 - 2 Vernon Corporation manufactures

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Exercise 11-8A (Algo) Recording manufacturing overhead costs in T-accounts LO 11-2
Vernon Corporation manufactures model airplanes. The company purchased for $157,000 automated production equipment that can
make the model parts. The equipment has a $13,000 salvage value and a 12-year useful life.
Required
a. Assuming that the equipment was purchased on January 1, record in T-accounts the adjusting entry that the company would make
on December 31 to record depreciation on equipment.
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