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please write it clearly, and don't use pdf. 4. On January 1, 2020, Maple Corp. purchases a crane for $100,000 cash. Maple estimates a two-year
please write it clearly, and don't use pdf.
4. On January 1, 2020, Maple Corp. purchases a crane for $100,000 cash. Maple estimates a two-year life and $5,000 salvage value. Maple uses Straight line depreciation. On January 1, 2022, Maple sells the Crane for $2000. Required Prepare the appropriate Journal entries for January 1, 2020, December 31, 2020 and 2021 and January 1, 2022. A) On January 1, 2020, Birch Corporation purchases a tractor for $200,000 cash. Birch uses straight-line corporation and estimates a two-year life and $20,000 salvage value. On January 1, 2020, Birch sells the Tractor for $35,000 cash. Required: Prepare the appropriate journal entries for January 1, 2020, December 31, 2020 and 2021 and January 1, 2022Step by Step Solution
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