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Please help. A) Depreciation is calculated on a 5 year straight line basis with a residual value of $600 for automobile and $500 for equipment.
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A) Depreciation is calculated on a 5 year straight line basis with a residual value of $600 for automobile and $500 for equipment. A year end count of supplies revealed a balance of $300 b) All temporary accounts are to be closed out to zero as per T-Accounts WINSOOENTERPRISFNAAFAINETDEC.3/,20x ENTFRPRISAE T-ACCOUNT OFFICE EXPENIS 800CAREEXPENSE DEPRCIRTION EXPP AUT DEPPECCATON-RQUIP. frcence statemert A) Depreciation is calculated on a 5 year straight line basis with a residual value of $600 for automobile and $500 for equipment. A year end count of supplies revealed a balance of $300 b) All temporary accounts are to be closed out to zero as per T-Accounts WINSOOENTERPRISFNAAFAINETDEC.3/,20x ENTFRPRISAE T-ACCOUNT OFFICE EXPENIS 800CAREEXPENSE DEPRCIRTION EXPP AUT DEPPECCATON-RQUIP. frcence statemert Step by Step Solution
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