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need help with the sum of the years please Apr 26 at 11:03 AM Current Attempt in Progress Kingbird Company shows the following entries in
need help with the sum of the years please
Apr 26 at 11:03 AM Current Attempt in Progress Kingbird Company shows the following entries in its Equipment account for 2021. All amounts are based on historical cost. 2021 Jan. 1 Balance Aug. 10 Purchases 12 Freight on equipment purchased 25 Installation costs Nov. 10 Repairs Equipment 2021 127,800 June 30 Cost of equipment sold 31,390 (purchased prior to 2021) 24,840 770 2,930 480 Your answer is correct. Prepare correcting entry if necessary. (If no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) COMMENTS FILES RUBRIC - Your answer is partially correct. Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2021 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1, 2021, balance was purchased in 2019. (Round answers to decimal places, e.g. 45,892.) 13805 (1) Straight-line (2) Sum-of-the-years' digits $ e Textbook and Media List of Accounts Attempts: 1 of 4 used Submit Answer Save for Later COMMENTS FILES RUBRICStep by Step Solution
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