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please help answer all charts and blanks (10)(pt2) Depreciation by Two Methods; Sale of hined Asset On the basis of the deta presented to the
please help answer all charts and blanks (10)(pt2)
Depreciation by Two Methods; Sale of hined Asset On the basis of the deta presented to the manager, the doubie-decining-balonce method wat selected. In the first week of the fith year, on Sentember 6 , the equipment was sold for 1105,300. Requiredt the equipment at the end of each vear by the following methods: b. Double-decilining-balance method 7. Check My Work Determine the book value at the point of sale. Compare the book value amount to the sale price. If the book value is less than the sale pr value is more than the sale price, the equipment was sold for a loss. If you no longer own the asset what accounts would need to be elim 3. Journalize the entry to record the sale in (2), assuming that the equipment was sold for $90,400 instead of $105,300. If an leave it blank Step by Step Solution
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