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needed answered within 2 hours please! On December 31. 2012 GHI Company purchased equipment worth $150,000. The equipment has a useful life of six years

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needed answered within 2 hours please!

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On December 31. 2012 GHI Company purchased equipment worth $150,000. The equipment has a useful life of six years and no residual value. Depreciation is recorded beginning the month after acquisition and will be recorded up until the month of disposal. The company uses the straighteline method of depreciation. Required a] Given that the company's year end is December 31. complete the following table. Do not enter dollar signs or commas in the input boxes. Round all dollar gure answers to the nearest whole number. 2013 $150,000 $ 1i 1% 2014 $150,000 $ t s 2015 $150,000 It s s 2015 $150,000 $ $ ti 201? $150,000 $ 1% $ 2013 $150,000 $ t s b] On June 30, 2018, GHI Company sold the equipment for $7,000 Prepare the journal entry to record the depreciation on the disposal and the sale. You will need to recalculate the depreciation expense for 2018 from part a) to acoount for the sale part-way through the year. Enter all debit accounts in alphabetical order. Jun 30 Depreciation Expense V Accumulated Depreciation v V To update depreciation before disclose! Jun 30 Accumulated Depreciation V Cash : V Loss on Disposal of Asset 6 V Equipment 3 V To record the sale of equipment

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