Question: pls answer 2 and 3 Casting Crown Construction entered into the following transactions during a recent year: Purchased a bulldozer for $214,000 by paying $20,700


pls answer 2 and 3
Casting Crown Construction entered into the following transactions during a recent year: Purchased a bulldozer for $214,000 by paying $20,700 cash and signing a $193,300 note. January nt. Tanuaru 30 Wrote a cheque for the amount owed on account for the work completed on January 3. cheque for the full $950 cost. February Replaced the seat on the bulldozer and wrote Paid $6,600 cash for the rights to use computer sof tware for a two-year period. March 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Casting Crown Construction should report for the quarter that ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $42,800 residual value Equipment Licensing rights 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for depreciation and amortization. Note: Enter debits before credits
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