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this is a big question please get to it quick as possible awnser in the format given by the question Required information PA9-3 (Algo) Analyzing
this is a big question
Required information PA9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation [LO 9-2, LO 9-3, LO 9-6] [The following information applies to the questions displayed below.] Precision Construction entered into the following transactions during a recent year. January 2 Purchased a buttdozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five January 3 Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. January 36 Wrote a check for the anount owed on account for the work conpleted on January 3. February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $1,200 cost. March 1 Paid $6,000 cash for the rights to use computer software for a two-year period. 1-a. Complete the table below, for the obove transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Journal entry worksheet Purchased a bulldozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five years. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Replaced the steel tracks on the bulldozer at a cost of $24,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Wrote a check for the amount owed on account for the work completed on January 3. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Repaired the leather seat on the bulldozer and wrote a check for the full $1,200 cost. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Paid $6,000 cash for the rights to use computer software for a two-year period. Record the transaction. Note: Enter debits before credits. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization, if any, that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful yfe of five years and $45,000 residual value. The licensing right is arportized using the straight-line method with a useful life of two years and no residual value. (Do not round intermediate calculations.) Journal entry worksheet Record the depreciation and amortization expense on the bulldozer and computer software for the quarter ended March 31. Note: Enter debits before credits please get to it quick as possible
awnser in the format given by the question
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