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I need help.Thank you. i attached the templates. howing the depreciation espense computation of the office trilding fo the year December 31. 2017 putatioms in

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I need help.Thank you. i attached the templates.

howing the depreciation espense computation of the office trilding fo the year December 31. 2017 putatioms in geood form P11-17 Comprehensive On December 31, 2016, Vail Company owned the following assets LO 11.2 LO 11.6 Date of Purchase Accumulated ufe in Years e LO 11.8 Asset Cost preciation Building Office machinery Office fixtures 1/1/2014 1/1/2014 $ 3,750 40 20,000 30,000 9,7606 2,000 5,000 1/1/2014 Straightline depreciation Sum-of-the years digits depreciation Vail computes depreciation and amortization expense to the nearest whole year. During following transactions: Jan. 3 Extended the building at a cost of $30,000. The extension provided an addi building tion to the service potential of the Mar. 7 Sold a piece of office machinery that had originally cost $4,000 and that had accumulated depreciation of $1,952 on December 31, 2016. The machine was sold for $3,000 May 17 Purchased office fixtures and office machinery for $9,200. The supplier reduced the price becouse of the join purchase. If purchased separately, the office fixtures would have cost $6,000 and the office machinery $4,000. Delivery costs paid by Vail were $200. The machinery was accidentally damaged during installation and cost $230 to repair. The office fixtures have an estimated life of 5 years and a residual value of $250. The office machinery has an estimated life of 10 years and a residual value of $500 Aug. 10 Exchanged the president's desk (classified as office fixtures) for a larger desk belonging to a friend of the president The desk had cost $600 and had accumulated depreciation on December 31, 2016, of $400 and an estimated residual value of $ 100. The new desk had a value of $900 and $700 cash was paid. Oct. 20 Required 1. Check the accuracy of the accumulated depreciation balances at December 31,2016. Round to the nearest Serviced and adjusted the office machinery at a cost of $125. whole dollar in all requirements. 2. Prepare journal entries to record the preceding events in 2017, as well as the year end recording of deprec expense. Prepare an Accumulated Depreciation account for each category of assets, enter the beginning b the journal entries from Requirement 2, and compute the ending balance. 3. hrr 1l 01 the auditer requested a depreciation schedule for trucks

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