E10-6 - 7,000($35,000 $0 5 = $7,000 Accumulated Depreciation Delivery truck 30,000 Loss on disposal 3,000 Delivery Truck 33,000(4 years x $7,500 =

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1/1/2006 Accumulated Depreciation - Machinery 62,000 Machinery 62,000 ($62,000 - $0 / 10 = $6,200) (10 years x $6,200 = $62,000) 6/30/2006 Cash 12,000 Accumulated Depreciation - Computer 24,500 Computer 35,000 Gain on disposal 1,500 (3.5 years x $7,000 = $24,000) 6/30/2006 Depreciation Expense - computer 7,000 Accumulated Depreciation
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Unformatted text preview: 7,000 ($35,000 - $0 / 5 = $7,000) 12/31/2006 Accumulated Depreciation - Delivery truck 30,000 Loss on disposal 3,000 Delivery Truck 33,000 (4 years x $7,500 = $30,000) 12/31/2006 Depreciation Expense - Delivery truck 7,500 Accumulated Depreciation 7,500 ($33,000 - $3,000 / 4 = $7,500)...
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This note was uploaded on 09/20/2008 for the course ACC 363 taught by Professor Rossi during the Spring '08 term at University of Phoenix.

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