Question
The company previously purchased equipment in a previous accounting period for a cost 758,164. When purchased the equipment had an expected life of 22 years.
The company previously purchased equipment in a previous accounting period for a cost 758,164. When purchased the equipment had an expected life of 22 years.
Descirbe the effects of this transaction on the accounting equation in terms of debits and credits
Assets=Liabilities+Equity
Prepare the appropritate journaly entry for this transaction table with account name, debit or credit
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
