Question
I am working on a comprehensive project for accounting 101. After journalizing each transaction, I am asked to journalize and post adjusting entries. I do
I am working on a comprehensive project for accounting 101. After journalizing each transaction, I am asked to journalize and post adjusting entries. I do not understand this entry.
A. depreciation of office equipment for July is based on SL depreciation over 5 years.
-The only information I have for this entry is that the total amount of office equipment is $20,000. How am I supposed to use the straight line depreciation without the salvage value available?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
