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Question 5 of 7 16 The following are some transactions of Wildhorse Company for 2021. Wildhorse Company unes straight-line depreciation and has a December
Question 5 of 7 16 The following are some transactions of Wildhorse Company for 2021. Wildhorse Company unes straight-line depreciation and has a December 31 year end Apr. 1 July 30 Nov 11 Retired a piece of equipment that was purchased on January 1.2012 for 150.000. The men had expected useful life of 10 years with no residual valve Sold equipment for $1,300 cash. The equipment was purchased on January 3, 2019 for $13.320 and dated over an expected usehd life of three years with no residual vake Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 ca The O vehicle had been purchased on November 1, 2015 at a cost of $34.300. The estimated useful life was eight years and the estimated residual value was $6.200. The fair value of the old vehicle was $200 on November 1, 2021 For each of these disposals, precare a journal entry to record depreciation from Jary 1.2021 to the date of depola required (Credit account bitles are automatically indented when the amount is entered. Do not indent manually if no entry i select "No Entry for the account titles and enter O for the amounts Recant journal entries in the order presented in the problem Date Account Titles and Explanation Depciation figese oreo depreciation Debit Credit
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