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Management has provided you with the following fixed asset schedule and needs some assistance with the calculation depreciation expense and accumluated depreciation for 2 0
Management has provided you with the following fixed asset schedule and needs some assistance with the calculation depreciation expense and accumluated depreciation for
Required:
Calculate depreciation expense for cells noted in blue in column J
Calculate accumulated depreciation for all noncurrent assets for cells noted in blue in column L
Prepare the adjusting journal entry to record depreciation on the Building Street space provided below
tableDateAccount Titles,Debit,Credit Jul,,,
Calculate the average age and average age of Perfect Smile's property, plant and equipment.
tableFixed AssetAverape,Tolal Accumlated DepreciationTotal PPELand,,Average Age Total Accumulatd DepreciationDepreciationAverage hge,,,
Comment on the results. How would you explain the changes year to year?
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