Exercise 10-22 - 8,000 Cash 8,000 5/18 Machinery 5,500...

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EXERCISE 10-22 (15–20 minutes) 1/30 Accumulated Depreciation—Buildings. .............. 112,200* Loss on Disposal of Plant Assets. ........................ 24,900** Buildings. ............................................................ 132,000 Cash . .................................................................... 5,100 *(5% X $132,000 = $6,600; $6,600 X 17 = $112,200) **($132,000 – $112,200) + $5,100 3/10 Cash ($2,900 – $300). ................................................. 2,600 Accumulated Depreciation—Machinery . ............ 11,200* Loss on Disposal of Plant Assets. ........................ 2,200** Machinery. .......................................................... 16,000 *(70% X $16,000 = $11,200) **($16,000 – $11,200) + $300 – $2,900 3/20 Machinery.
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Unformatted text preview: ..................................................................... 8,000 Cash . .................................................................... 8,000 5/18 Machinery. ..................................................................... 5,500 Accumulated Depreciation—Machinery . ............ 2,100* Loss on Disposal of Plant Assets. ........................ 1,400** Machinery. .......................................................... 3,500 Cash . .................................................................... 5,500 *(60% X $3,500 = $2,100) **($3,500 – $2,100) 6/23 Building Maintenance and Repairs Expense . ... 6,900 Cash . .................................................................... 6,900...
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This note was uploaded on 06/06/2010 for the course ACCOUNTING ac505 taught by Professor Khan during the Spring '10 term at DeVry Fremont.

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