The Bell Company bought a laser printer for $20,000 on April 1, 2023. It had a...
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The Bell Company bought a laser printer for $20,000 on April 1, 2023. It had a useful life of 3 years or 1,000,000 pages of printing and a residual value at the end of its life of $5,000. The company's year-end is December 31. The printer printed 645,000 pages in 2023 and 400,000 pages in 2024. Instructions: Prepare the adjusting journal entry to record depreciation expense for 2023 and 2024 using the straight-line, double diminishing-balance, and units-of-production methods. Dete Dat General Journal Account Titles and Explanation General al Accountles and Explanation General Journal Accountles and Explanation Ref Debit Creddy Pet Deb Ref Debit Credit The Bell Company bought a laser printer for $20,000 on April 1, 2023. It had a useful life of 3 years or 1,000,000 pages of printing and a residual value at the end of its life of $5,000. The company's year-end is December 31. The printer printed 645,000 pages in 2023 and 400,000 pages in 2024. Instructions: Prepare the adjusting journal entry to record depreciation expense for 2023 and 2024 using the straight-line, double diminishing-balance, and units-of-production methods. Dete Dat General Journal Account Titles and Explanation General al Accountles and Explanation General Journal Accountles and Explanation Ref Debit Creddy Pet Deb Ref Debit Credit
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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