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i meed the answer of sep.1 & dec31 Sep. 1. Sold a building that cost $570,000 (accumulated depreciation of $265,000 through December 31 of the
i meed the answer of sep.1 & dec31 Sep. 1. Sold a building that cost $570,000 (accumulated depreciation of $265,000 through December 31 of the peeceding year) Mills received $350,000 cash from the sale of the bullding Depreciation is computod on a straight line basis. The building has a 40 -year useful lfe and a residual value of 545 . 000 . Before we record the sale of the building, we must recerd depreciation on the bulding throagh September 1, 2016. Sep. 1 Sold a building that cost $570,000 (accumulated depreciation of $265,000 through December 31 of the preceding year). Janie Mills received $350,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40 -year useful life and a residual value of $45,000. Dec.31 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double-declining-balance method over five years with a $2,000 residual value
i meed the answer of sep.1 & dec31
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