Action Quest Games owns the following long-lived assets: Instructions (a) Prepare depreciation adjusting entries for Action Quest
Question:
Instructions
(a) Prepare depreciation adjusting entries for Action Quest Games for the year ended December 31, 2014.
(b) For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2014.
Transcribed Image Text:
Date Purchased Estimated Useful Life 25 years 7 years 4 years Asset Cost $68,000 28,000 12,600 Building Vehicles January 1, 2010 December 31, 2013 Equipment y 1,2012
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a Dec 31 Depreciation Expense 2720 Accumulated Depreciation Building 2720 68000 25 2720 pe...View the full answer
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Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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