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....... , . u mncmmgi nnerlutaKensaignrnentMamxihnmkr =355.1grimenrsilakesssgnmmils'r' ,lonlacetor-sasmgnment-sakezinprwres _3_[ if 3':- i Calculator...

HI can I get help with letter C. I answered the first 2 but I'm not sure if they are correct thanks!acct.jpg

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....... , . u mncmmgi nnerlutaKensaignrnentMamxiflhnmkér =355.1grimenrsfiilakefisssgnmmilsé‘r' ,lonlacetor-sasmgnment-sakefizinprwres _3_[ if 3‘:- i Calculator Disposal of Fixed asset Equipment acquired on Januaw E at a cost of $320,200. has an estimated useful life of 8 years and an estimates He‘sfdual value of $41,300. a. What was the annual amount 0* de‘medatlnn for the Yeara 1-3 using the filial-3h! lr'ne rmrlhocl of depreciation? Year Dennaciation Expense
Year 1 $733061
Year 2 gig-51‘]
Year 3 sjf-Bdfiflfl—I b. What was the book val m2 of the equipment on Jariuarl.i I of Year 4? 1:. Assuming that the equipment was sold on Januarv 3 of Year 4 far 5205.000, jeurnalize the entry to record the sale.
entry, leave it blank. If an amuunt box does not require an
medatm unions-e -l—qummr-n'l
natumu'lalmi Ilium-Julio" [qlltfil‘nt‘ill ' I
V . d Assuming that the equipmem had been sold on January 3 0| Yam 4 for $220,100 instead of $265,000, jaurnalize the entry to regard the SEN. I! an
amnunt he: does not require an entw, leave it blank.

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Lets get the Depreciation expense first... View the full answer

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