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Following are the information needed to solve the question. Historical price: $18000 Useful Life: 6 years Salvage value: $400 Date of aquiring: Jan 1, 2014
Following are the information needed to solve the question.
Historical price: $18000
Useful Life: 6 years
Salvage value: $400
Date of aquiring: Jan 1, 2014
On July 1, it is sold for $1800.
Make the general entry that include Accumulated depreciation and loss on sale
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
