Presented below are selected transactions at Blogsom Company for 2020. Jan.1 Ratired a piece of machinery that was purchased on January 1, 2010. The machine
Presented below are selected transactions at Blogsom Company for 2020. Jan.1 Ratired a piece of machinery that was purchased on January 1, 2010. The machine cast 964,000 on that date. It had a useful life of 10 years with no residual value. June 30 Sold a computer that was purchased an January 1, 2017. The computer cost 43,500. It had a useful life of 5 years with no residual value. The computer wes sold for $15,200. Dec. 31 Discardad a dalivery truck that was purchased an January 1, 2016. The truck coat f40,090. It was dapreciated basad on a 6-year useful life with a 3,000 residual value. Journalize all entries recuirsd on the above dates, including entries to update depreciation, where applicable, an assets disposed of. Elossom Company uses straight-line depraciation. (Assume depreciation is up to date as of Dacamber 31, 2019.) (Credit account titles Step by Step Solution
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Authors: Richard Lyall
4th Edition
186072308X, 978-1860723087
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