Question
rhodes national purshased software on october 1, 2015 for $14,400. The company expects to use the software for 3 years. It has no salvage value.
rhodes national purshased software on october 1, 2015 for $14,400. The company expects to use the software for 3 years. It has no salvage value.
a) what adjusting journal entry should the company make at the end of each month if monthly financials are prepared? ( annual depreciation is $4,800)
b) What balance will be reported on the December 31, 2015 balance sheet for Accumulated Depreciation?
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Accounting For Beginners
Authors: Warren Piper Ruell
1st Edition
1713479397, 978-1713479390
