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Pharoah Lure Co . purchased a machine on October 1 , 2 0 2 2 for $ 1 4 1 , 0 0 0 .
Pharoah Lure Co purchased a machine on October for $ It has a $ residual value and a year usefullife. On July the machine sold for $ The company uses the doubledecliningbalance method of depreciation. The company fiscal year end is December
Prepare the joumal entries for through Credit account witles are cultomatically indented when the amount is antent. Do not indent manually. List all deblt entries before oredit entries, Recond jounnal entrites in the onder presented in the problem.
Date
Aocount Titles and Explanation
Debit
Credit
To record depreciation expense.
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