Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow...
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Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $17.280 salvage value. Straight-line depreciation is used. On December 31, at the end of its fith year in operations, i disposed of Problem 8-6A (Algo) Part 3 3. Prepare journal entries to record the machine's disposal under each separate situation: ( it is sold for $22.500 cash and ( Ris sold for $90.000 cash View tranactien st Journal entry worksheet 2. Record the sale of the used machine for $22.500 cash. LEer ds befere oeats Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $17.280 salvage value. Straight-line depreciation is used. On December 31, at the end of its fith year in operations, i disposed of Problem 8-6A (Algo) Part 3 3. Prepare journal entries to record the machine's disposal under each separate situation: ( it is sold for $22.500 cash and ( Ris sold for $90.000 cash View tranactien st Journal entry worksheet 2. Record the sale of the used machine for $22.500 cash. LEer ds befere oeats
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Total cost of machine Purchase priceCost of wiringInstall... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Posted Date:
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