Question: Required 1 Calculate and record depreciation for the
1. Calculate and record depreciation for the year just ended April 30, 2015, for both the building and equipment.
2. Prepare the property, plant and equipment section of the balance sheet at April 30,2015.
Answer to relevant QuestionsPhoton Control completed the following transactions involving delivery trucks:Required Prepare journal entries to record thetransactions.Questor Technology purchased a used machine for $116,900 on January 2, 2014. It was repaired the next day at a cost of $4,788 and installed on a new platform that cost $1,512. The company predicted that the machine would be ...Energex Travel runs boat tours along the west coast of British Columbia. It purchased on March 5, 2014, for cash of $828,000, a cruising boat with a useful life of 10 years or 13,250 hours with a residual value of $192,000. ...Fab-Form Industries completed the following transactions involving the purchase of delivery equipment.Required Prepare journal entries to record thetransactions.RangeStar Telecommunications recently acquired a patent regarding a new telecommunications application. Additional equipment and a computer were purchased to begin making the application available to consumers. Details of ...
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