Question: Part V-Notes Receivable (15 points) Prepare a tries to record the following Jul. I Grad Company opted 125 mh 12.000 b Maly from Le Company

 Part V-Notes Receivable (15 points) Prepare a tries to record the

Part V-Notes Receivable (15 points) Prepare a tries to record the following Jul. I Grad Company opted 125 mh 12.000 b Maly from Le Company for the balance due on Lovato Jul. 31 Grand accrued interest on the bottom of Oct Collected Lucas Company note in full colored on August 31 and September 30 Part VI - Depreciation Methods (15 points) The following information is wailable for Liquid Companiet of December 31, 2019 1. A delivery truck was purchased on 1, 2017 for $40.000 cated waves $4,000 salvage value atter being driven 60.000 mm. During 2018, the track was 22,000 miles. The units-of-activity method of depreciation 2 A building was purchased on January 1, 2001. 15.000 have a 560,000 salvage value at the end of a wide. The wright-line method of depreciation is being used: 3. Store equipment was purchased on mary 1, 2019 for $60.000 estimated that the store equipment would have a $1.000 age value of its earlie The double-declining-halace method of depreciation is being Instructions Present information on table below, Show computations sporting Book Vlor Accumulated Deprecies Depreciation Expose 12/31

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!