Business, 09.04.2021 03:00, yejinschoi3007
New tire retreading equipment, acquired at a cost of $110,000 on September 1 at the beginning of a fiscal year, has an estimated useful life of four years and an estimated residual value of $7,500. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.
In the first week of the fourth year, the equipment was sold for $18,000.
1. Journalize the entry to record the sale.
2. Journalize the entry to record the sale, assuming that the equipment sold for $10,500 instead of $18,000.
Answers: 1
Business, 22.06.2019 16:20, Zshotgun33
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Business, 22.06.2019 23:00, ehthaboe7265
Consider a consumer who is contemplating a new automobile purchase. she has narrowed her decision down to two brands, honda accord and ford taurus. she has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision
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New tire retreading equipment, acquired at a cost of $110,000 on September 1 at the beginning of a f...
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