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On October 1, Boston Gold Exchange paid cash of $32,400 for computers that are expected to remain useful for three years. At the end of
On October 1, Boston Gold Exchange paid cash of $32,400 for computers that are expected to remain useful for three years. At the end of three years, the value of the computers is expected to be zero Read the requirements Requirement 2. Record the adjusting entry for depreciation on October 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Date Accounts and Explanation Credit Oct. 31Depreciation Expense-Computer Equipment 900 900 Accumulated Depreciation-Computer Equipment To record depreciation on computer equipment Requirement 3. Post the purchase of October 1 and the depreciation on October 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense Computer Equipment Show their balances at October 31. (Use dates as posting references to post the transaction Use a Bal." posting reference to show the ending balance of each account.) Computer Equipment Accumulated Depreciation-Computer Equipment Requirements Depreciation Expense-Computer Equipment 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on October 31 3. Post the purchase of October 1 and the depreciation on October 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation Computer Equipment, and Depreciation Expense- Computer Equipment. Show their balances at October 31 4. What is the computer equipment's book value at October 31 hoose from any list or enter any number in the input fields and then clichk part remaining er
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