Question
PearlCompany purchased a computer system for $78,300on January 1, 2019. It was depreciated based on a8-year life and an $17,900salvage value. On January 1, 2021,Pearlrevised
PearlCompany purchased a computer system for $78,300on January 1, 2019. It was depreciated based on a8-year life and an $17,900salvage value. On January 1, 2021,Pearlrevised these estimates to a total useful life of 4 years and a salvage value of $10,200.Pearluses straight-line depreciation.
PreparePearl's entry to record 2021 depreciation expense.
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
