Net Programs Inc. purchased three new computer programs in 2014. The following information is available for the
Question:
a. Journalize the adjusting entry to record depreciation at December 31, 2014.
b. What is the net book value of each program at December 31, 2014?
Transcribed Image Text:
Purchase Date of Purchase Price Program A January 1, 2014 8 Useful Life 1 year $ 8,800 Program B January 1, 2014 $10,400 2 years Program C January 1, 2014 $19,700 2 years
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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