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How would this journal entry look: Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in
How would this journal entry look: Depreciation on equipment and the building is recorded on December 31. Refer to the Equipment and Building section in the Background material for the annual dollar amounts. Record only the month of December 2019. Separate the charge (debit) between Manufacturing Overhead and Other Selling and Administrative Expenses. Separate the Accumulated Depreciation into Building and Equipment.
ANNUAL | MONTHLY | |||
Sewing machines | 15,000 | 1,250 | ||
Washers and dryers | 10,000 | 833 | ||
Other equipment | 10,000 | 833 | ||
Computers | 10,000 | 833 | ||
Building | 24,000 | 2,000 | ||
Production Equipment | Computers | Building | ||
100% MOH | 75% MOH | 25% Administrative | 75% MOH | 25% Administrative |
Monthly Depreciation Expense | ||||
2,917 | 625 | 208 | 1,500 | 500 |
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