Homework Answers
| Date | General Journal | Debit | Credit |
| Dec.31 | Depreciation expense - Plant and Equipment ($21,400+15,300+3,300) | $40,000 | |
| Accumulated depreciation - Plant and Equipment | $40,000 |
Computation of depreciation expense:
Machine A = $107,000 / 5 = $21,400
Machine B = $86,000 - 4,400 / 4 = $20,400 * 9/12 = $15,300
Machine C = $43,500 - 3,900 / 2 = $19,800 * 2/12 = $3,300
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