S3-8 (similar to)

Score: 0 of 5 pts 4 1 of 9 (O complete) HW Score: 0 S3-8 (similar to) Questio On January 1, American Gold Exchange paid cash of $72,000 for computers that are expected to remain useful for six years. At the end of six years, they computers is expected to be zero. Read the requirements Requirement 1. Calculate the amount of depreciation for the month of January using the straight-line depreciation method Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of January (Abbreviation used Acc Deprec Accumulated Depreciation Enter a "0" for any zero balances) Acc. Depreciation 37 12 months = Straight line depreciation Requirements - X 1. Calculate the amount of depreciation for the month of January using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on January 31 3. Post the purchase of January 1 and the depreciation on January 31 to T-accounts for the following accounts. Computer Equipment Accumulated DepreciationComputer Equipment, and Depreciation Expense-Computer Equipment Show their balances at January 31 4. What is the computer equipment's book value at January 31? Choose from a Print Done Check Ar Clear All 4 parts remaining