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Selected plant and equipment annet balances on December 31, 2015 for Soutrigate Inc. are as follows Fume $76,100 Accumulated Depreciation Furniture 53.000 Total estimated useful
Selected plant and equipment annet balances on December 31, 2015 for Soutrigate Inc. are as follows Fume $76,100 Accumulated Depreciation Furniture 53.000 Total estimated useful life on the future in 6 years with a residual value of 54.000 depreciated using the double-declining balance method to the nearest whole month The furniture was sold on July 6, 2014 for cash of $8,680 Prepare journal entries for the following a Depreciation of the furniture for 2014 b. The sale of the furniture on July 6 Ensure accuracy in your calculations by rounding only your final answer to the nearest whole dollar Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddim January 15 would be 16/Jan's For simplicity, assume the assets are depreciated as individual items and will not be broken into parts and deprecated General Journal Page GUZ Date Account Explanation F Debit Credit
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