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Problem 9-15A Partial-period depreciation; disposal of PPE LO2, 3, 6 Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated
Problem 9-15A Partial-period depreciation; disposal of PPE LO2, 3, 6 Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated depreciation, building? Equipment Accumulated depreciation, equipment $400, 800 530,400 395,200 173,200 75,400 "Remaining estimated useful life is eight years with a residual value of $40,000; depreciated using the straight-line method to the nearest whole month. 2 Total estimated useful life is 10 years with a residual value of $16,000; depreciated using the double-declining-balance method to the nearest whole month Required: Prepare the entries for each of the following (Round intermediate calculations to the nearest whole dollar.) 1. The land and building were sold on September 27, 2021, for $593,000 cash. View transaction list Journal entry worksheet Record building depreciation for 2021. G 2. The equipment was sold on November 2, 2021, for $56,900 cash. View transaction list Journal entry worksheet 1 2 Record the equipment depreciation for 2021. Note: Enter debits before credits. Date General Journal Debit Credit Nov. 2, 2021 Record entry Clear entry View general journal Prey MIRIM 3 of 6
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