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Required information Journal entry worksheet 2 Record depreciation of the building. Note: Enter debits before credits. ! Required information Journal entry worksheet 1 2 Record
Required information Journal entry worksheet
Record depreciation of the building.
Note: Enter debits before credits.
Required information
Journal entry worksheet
Record depreciation of the equipment.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Creditvdots,,
The following information applies to the questions displayed below.
Stevens Sandwich Shop had the following longterm asset balances as of January :
Stevens purchased all the assets at the beginning of
The building is depreciated over a year service life using the doubledecliningbalance method and estimating no
residual value.
The equipment is depreciated over a year service life using the straightline method with an estimated residual value
of $
The patent is estimated to have a fiveyear useful life with no residual value and is amortized using the straightline
method.
Depreciation and amortization have been recorded for and first two years
Required:
For the year ended December third year record depreciation expense for buildings and equipment. Land is not
depreciated. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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