Question: 10 D A B C E F G H K 5) We sold an old laptop (Asset #214) to an employee for cash at the
10 D A B C E F G H K 5) We sold an old laptop (Asset #214) to an employee for cash at the price of the computer's NBV on that date (April 1, 2018). Using the information on the Asset Register tab, prepare the journal entry to record this transaction. Hint there was no gain or loss on the sale. DR DR CR Cash ??? ??? Asset # 0 1 2 3 14 15 16 17 18 2819 123 1208 1273 9582 8327 214 819 Date Purchased 1-Oct-17 1-Mar-18 1-Dec 17 1-Feb-18 1-Jul-16 1-Aug-17 1-Jan-16 1-Feb-16 Initial Cost 25,000.00 16,000.00 42,000.00 8,000.00 6,400.00 31,000.00 2,000.00 72,000.00 Useful Life (months) 36 12 60 72 60 12 36 24 Monthly depreciation 694,44 1,333.33 700.00 111.11 106.67 2,583.33 55.56 3,000.00 19 20 21 22 23 24 25 26 27 28
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