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Looking at #6. 1. Put together a schedule showing amount at which this pizza place should record the ovens in the Equipment account 2. Indicate
Looking at #6.
1. Put together a schedule showing amount at which this pizza place should record the ovens in the "Equipment" account
2. Indicate where any amounts not included in the equipment account should be recorded.
5) University Car Wash buill a deluxe car wash across the street from ca The compary est mates that the equipment will have a cost s270,000 including installation. residual value of $24,000. University Car Wash also estmates it will use the machine for six years or about 12,000 total hours Required Prepare a depreciation schedule far six years using the following methods: 2, Double-declining-balance 6) Sicily Pizza purchased baking ovens frem New Works Deli New World Deli was closing its bakery business and sold its three-year-old ovens for $341,000 In addition to the purchase price, Sicity Pizza paid shipping costs of $16,000 Emplayees of Sicly Pizza installed the ovens; labor costs were $17,000 An outside contractor performed some of the electrical work for $3,800. Sicily Pizza consumed pizza dough with a cost of $1,300 in testing the ovens. tt then instolled new timers on the ovens at a cost of $800 and placed the machines in operatin. Required 1. Prepare a schedale showing the amouns at which Sicily Pizza shoald record the ovens in the Equipment account uld be recordedStep by Step Solution
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