Hinson 13-6 Asset Disposal

Hinson 13-6 Asset Disposal - 15,000 Lathe 2,000 Record sale...

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Intermediate Accounting I Assignment 13-6 Asset Disposal Jamie Hinson April 7, 2008 Exercise 11-21 1. Straight line depreciation = ($80,000 – 5,000) / 5 = $15,000 2002 lathe 80,000 cash 80,000 Record purchase of lathe 2006 Cash 17,000 Depre. Exp.
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Unformatted text preview: 15,000 Lathe 2,000 Record sale and depre. Of lathe 2. 2002 lathe 80,000 cash 80,000 Record purchase of lathe. 2006 Depre. Exp 15,000 Cash 15,000 Record depre. Exp. Cash 17,000 Lathe 17,000 Record sale of lathe...
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This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

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