Question: Please help with all 3. Having trouble. ABC Company decided to purchase a smaller computer (#47) for $110,000. Delivery charge and installation fee totaled $20,000.
ABC Company decided to purchase a smaller computer (#47) for $110,000. Delivery charge and installation fee totaled $20,000. Company paid cash for this computer and plans for 2 years and will have a salvage/trade in value of $32,000. Please journalize entry. December 31, 2009 Please journalize straight-line depreciation on computer # 47 January 1, 2010 ABC Company decides to sell computer #47 after only one year, Machine was sold for $60,000 cash. Please journalize entry
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