Wardell Company purchased a minicomputer on January 1, 2016, at a cost of $40,000. The computer was
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Required:
1. Prepare the year-end journal entry for depreciation in 2018. No depreciation was recorded during the year.
2. Repeat requirement 1 assuming that the company uses the sum-of-the-years'-digits method instead of the straight-line method.
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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