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Add your answer here.Check out some similar questions! What adjusting entrys do I use for straight line depreciation [ 1 Answers ] I must make adjusting entries for a company that purchased a copy machine for 50000.00 on april 1 2003 life of machine is 5years and salvage value is 5000.00. I must show adjusting entries for depreciation on Dec.31 2003thru 2005. How due I show these entrys? What adjusting entrys do I use for straight line depreciation [ 1 Answers ] I must make adjusting entries for a company that purchased a copy machine for 50000.00 on april 1 2003 life of machine is 5years and salvage value is 5000.00. I must show adjusting entries for depreciation on Dec.31 2003thru 2005. How due I show these entrys? Can you help show me the adjusting... Compute the annual depreciation cost using the straight-line method of depreciation. [ 3 Answers ] On January 1, 2007, Kenyan Company had Notes Receivable of $11,000. The note receivable is from Brennan Company. It is a 4-month, 9% note dated December 31, 2006. During the year the following selected transactions occurred (Kenyan Company uses a periodic inventory system.). Jan. 5 Sold... Adjusting entries for depreciation [ 2 Answers ] Depreciation is the spreading of the cost to purchase a long-lived asset over its useful life. For example a $1,000,000 automobile with a twenty-year useful life would show a depreciation expense of $50,000 for each year of its life. If we didn't View more Accounting questions Search |