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Exercise 10 10 Pryce Company owns equipment that cost $69,500 when purchased on January 1, 2017. It has been depreciated wing the streghtne method based
Exercise 10 10 Pryce Company owns equipment that cost $69,500 when purchased on January 1, 2017. It has been depreciated wing the streghtne method based on estimated salvage value of $3,200 and an estimated useful life of 5 years Prepare Pryce Company's journal entries to record the sale of the equament in these four independent situations. (Crew countles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places.. try wie select "Wo Entry for the account is a vito for the amounts.) (a) Sold for $34,780 on January 1, 2020 (1) Sold for $34.780 on May 1, 2020 (c) Sold for $10,800 on January 1, 2020 (d) Sold for $10,000 on October 1, 2020 No. Account Titles and Explanation Crecht Debit 34.750 Accumulated Depreciation Equipment Equipment Ganon Disposal 'Plant Assets (b) Depreciation Expense Accumulated Depreciation Equipment (To record depreciation)
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