Two fixed assets are purchased during 2021: a copier for $10,987.65 on September 30, 2021, and an office desk for 5,432.10 on December 31, 2021. Depreciation entries are recorded at the end of each month.

 What will be the general journal adjusting entry on December 31, 2021, for the depreciation of these fixed assets, if a tax basis of 150% MACRS is used?

Answer rating: 100% (QA)

A B D 1 Journal Entries 2 Date Particulars AmountDr AmountCr 3 Dece... View the full answer