ACC 363 E10-6 - 1,500 [$12,000 ($35,000 $24,500)] Computer.

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EXERCISE 10-6 Jan. 1 Accumulated Depreciation—Machinery. ..................................... 62,000 Machinery. ............................................................................ 62,000 June 30 Depreciation Expense. ................................................................... 3,500 Accumulated Depreciation— Computer ($35,000 X 1/5 X 6/12). ................................... 3,500 30 Cash . .............................................................................................. 12,000 Accumulated Depreciation—Computer. ...................................... 24,500 ($35,000 X 3/5 = $21,000; $21,000 + $3,500) Gain on Disposal. ................................................................
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Unformatted text preview: 1,500 [$12,000 ($35,000 $24,500)] Computer. ............................................................................. 35,000 Dec. 31 Depreciation Expense. ................................................................... 5,000 Accumulated DepreciationTruck. .................................. 5,000 [($33,000 $3,000) X 1/6] 31 Loss on Disposal. ........................................................................... 8,000 Accumulated DepreciationTruck. ............................................. 25,000 [($33,000 $3,000) X 5/6] Delivery Truck. ..................................................................... 33,000...
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