Question
Wildhorse Company purchased a computer system for $66,800 on January 1, 2019. It was depreciated based on a 6-year life and an $17,000 salvage value.
Wildhorse Company purchased a computer system for $66,800 on January 1, 2019. It was depreciated based on a 6-year life and an $17,000 salvage value. On January 1, 2021, Wildhorse revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Wildhorse uses straight-line depreciation. Prepare Wildhorses entry to record 2021 depreciation expense
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Artificial Intelligence In Accounting And Auditing Knowledge Representation Accounting Applications And The Future Volume 3
Authors: Miklos A. Vasarhelyi
1st Edition
1558760784, 978-1558760783
