bjbailey1561

07.04.2020 • 

Mathematics

Disposal of Fixed Asset
Equipment acquired on January 6 at a cost of $375,000 has an estimated useful life of 20 years and an estimated residual value of $25,000.
a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation?
Year
Depreciation Expense
Year 1
Year 2
Year 3
b. What was the book value of the equipment on January 1 of Year 4?
C. Assuming that the equipment was sold on January 3 of Year 4 for $300,000, journalize the entry to record the sale. If an amount box does not require an
entry, leave it blank.
Jan. 3
d. Assuming that the equipment had been sold on January 3 of Year 4 for $325,000 instead of $300,000, journalize the entry to record the sale. If an
amount box does not require an entry, leave it blank
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Ответ:

Airport12lt

31.03.2021

Mathematics

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-0.005,-45,0.34,3,10,1000

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