Exercise 9-10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2017. It...
Exercise 9-10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on an estimated salvage value of $5,000 and an estimated useful life of 5 years. Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are...
Oriole Company owns equipment that cost $62,000 when purchased on January 1, 2019. It has been...
Oriole Company owns equipment that cost $62,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $2,000 and an estimated useful life of 5 years. Prepare Oriole Company’s journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $28,000 on January...
60.10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, Jouma 2012. It...
60.10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, Jouma 2012. It has been depreciated using the straight-line method based on an estimated salvage of equi value of $5,000 and an estimated useful life of 5 years. (LO 4) Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent...
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been...
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on an estimated salvage value of $1,000 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically...
Exercise 9-11 Cullumber Company owns equipment that cost $68,000 when purchased on January 1, 2019. It...
Exercise 9-11 Cullumber Company owns equipment that cost $68,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $8,000 and an estimated useful life of 5 years. Prepare Cullumber Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are...
Pryce Company owns equipment that cost $69,000 when purchased on January 1, 2014. It has been...
Pryce Company owns equipment that cost $69,000 when purchased on
January 1, 2014. It has been depreciated using the straight-line
method based on an estimated salvage value of $5,400 and an
estimated useful life of 5 years.
Prepare Pryce Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are automatically indented...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $22,000 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented...
View Policies Current Attempt in Progress Sheffield Corp. owns equipment that cost $62,900 when purchased on Januar...
View Policies Current Attempt in Progress Sheffield Corp. owns equipment that cost $62,900 when purchased on January 1, 2016. It has been depreciated using the straight-line method based on an estimated salvage value of $4,700 and an estimated useful life of 5 years. Accumulated deprecation was last adjusted on December 31, 2018. Prepare Sheffield Corp's journal entries to record the...
Exercise 9-11 Oriole Company owns equipment that cost $70,000 when purchased on January 1, 2019. It...
Exercise 9-11
Oriole Company owns equipment that cost $70,000 when purchased on
January 1, 2019. It has been depreciated using the straight-line
method based on an estimated salvage value of $10,000 and an
estimated useful life of 5 years.
Prepare Oriole Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are...
Sandhill Company owns equipment that cost $75,000 when purchased on January 1, 2019. It has been...
Sandhill Company owns equipment that cost $75,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $15,000 and an estimated useful life of 5 years. Prepare Sandhill Company’s journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented...
Exercise 9-10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on an estimated salvage value of $5,000 and an estimated useful life of 5 years. Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are...
60.10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, Jouma 2012. It has been depreciated using the straight-line method based on an estimated salvage of equi value of $5,000 and an estimated useful life of 5 years. (LO 4) Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent...
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on an estimated salvage value of $1,000 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically...
Exercise 9-11 Cullumber Company owns equipment that cost $68,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $8,000 and an estimated useful life of 5 years. Prepare Cullumber Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are...
Pryce Company owns equipment that cost $69,000 when purchased on
January 1, 2014. It has been depreciated using the straight-line
method based on an estimated salvage value of $5,400 and an
estimated useful life of 5 years.
Prepare Pryce Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are automatically indented...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $22,000 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented...
View Policies Current Attempt in Progress Sheffield Corp. owns equipment that cost $62,900 when purchased on January 1, 2016. It has been depreciated using the straight-line method based on an estimated salvage value of $4,700 and an estimated useful life of 5 years. Accumulated deprecation was last adjusted on December 31, 2018. Prepare Sheffield Corp's journal entries to record the...
Exercise 9-11
Oriole Company owns equipment that cost $70,000 when purchased on
January 1, 2019. It has been depreciated using the straight-line
method based on an estimated salvage value of $10,000 and an
estimated useful life of 5 years.
Prepare Oriole Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are...
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