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please help Capital Expenditure and Depreciation; Parital-Year Deprecintion Willow Creek Company purchased and instalied carpet in its new general offices on April 30 for a
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Capital Expenditure and Depreciation; Parital-Year Deprecintion Willow Creek Company purchased and instalied carpet in its new general offices on April 30 for a total cost af $8,160. The carpet is estimated to have a 10 -year useful life and no residual value. a. Prepare the journal entry necessary for recording the purchase of the new carpet. April 30 xx x b. Record the December 3i adjusung entry for the partial-year depreciation expense for the carpet; assuming that Willow Creek uses the straight-line method. Do not round intermediate calculations Step by Step Solution
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