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Prepare one entry to record depreciation expense at the end of year 1, assuming the following: Estimates Machine Life Residual Value Depreciation Method A 5
Prepare one entry to record depreciation expense at the end of year 1, assuming the following:
| Estimates | ||||||
| Machine | Life | Residual Value | Depreciation Method | |||
| A | 5 years | $ 1,000 | Straight-line | |||
| B | 60,000 hours | $ 2,000 | Units-of-production | |||
| C | 4 years | $ 1,500 | Double-declining-balance | |||
| *Start journal entry below: | ||||||
| Transaction | General Journal | Debit | Credit | |||
| 1 | Depreciation expense | $10,000 | ||||
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Total Quality Safety Management And Auditing
Authors: Michael B. Weinstein
1st Edition
1566702836, 978-1566702836
