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Hi Ran out of questions please don't solve unless you can do all, thank you! Equipment acquired on January 8 at a cost of $142,430
Hi Ran out of questions please don't solve unless you can do all, thank you!
Equipment acquired on January 8 at a cost of $142,430 has an estimated useful life of 16 years, has an estimated residual value of $7,550, and is depreciated by the a. What was the book value of the equipment at December 31 the end of the fifth year? b. Assuming that the equipment was sold on April 1 of the sixth year for $93,142, journalize the entries to record (1) depreciation for the 3 months until the sale date and (2) the sale of the equipment. a. What was the book value of the equipment at December 31 the end of the fifth year? b. Assuming that the equipment was sold on April 1 of the sixth year for $93,142, journalize the entries to record the following: 1. Depreciation for the 3 months until the sale date
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