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Question Content Area Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $ 1 5 7 , 0 1
Question Content Area Entries for Sale of Fixed Asset Equipment acquired on January at a cost of $ has an estimated useful life of years, has an estimated residual value of $ and is depreciated by the straightline method. Question Content Area a What was the book value of the equipment at December the end of the fourth year? $fill in the blank bdaffdca Question Content Area b Assume that the equipment was sold on April of the fifth year for $ Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. blank Question Content Area Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.
Question Content Area
Entries for Sale of Fixed Asset
Equipment acquired on January at a cost of $ has an estimated useful life of years, has an estimated residual value of $ and is depreciated by the straightline method.
Question Content Area
a What was the book value of the equipment at December the end of the fourth year?
$fill in the blank bdaffdca
Question Content Area
b Assume that the equipment was sold on April of the fifth year for $
Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required.
blank
Question Content Area
Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.
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