Homework Answers
Annual depreciation = (72200-15300)/5 = $11380
Net book value on Jan 1 2023 = 72200 - 11380*9/12-11380*2 = $40905
Depreciation for 2023 = (40905-8100)*1/(4+3/12) = $7719
| Date | General Journal | Debit | Credit |
| Dec. 31, 2023 | Depreciation expense | 7719 | |
| Accumulated depreciation | 7719 | ||
= $
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On April 3, 2020, David's Chocolates purchased a machine for $72,200. It was assumed that the...
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Please answer in the format below!
Record the first year year-end adjusting entry...
Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow...
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will be used for six years and have a $23,040 salvage value.
Straight-line depreciation is used. On December 31, at the end of
its fifth year in operations, it is disposed of.
Answer in this format please
Record the year of disposal year-end adjusting entry...
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Please full calculation and explanation.
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its fifth year in operations, it is disposed of.
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Please answer in the format below!
Record the first year year-end adjusting entry...
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