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    stcmar010's Avatar
    stcmar010 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 30, 2007, 02:46 AM
    journal entries for purchase of PPE
    what journal entry would you process for an item of PPE that was purchased for $100m , payable in five equal instalments(first of which is paid on delivery. Assume fair value of 9%and the residual was is not applicable.

    and what entries would be required at 30 Sep 2006 (year end) assuming the item was purchased on 31 march 2006.
    bhet's Avatar
    bhet Posts: 77, Reputation: 9
    Junior Member
    		  
    #2

    Aug 30, 2007, 07:06 PM
    Dr. Depreciation
    Cr. Acuumulated depreciation
    cheen2's Avatar
    cheen2 Posts: 1, Reputation: 1
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    #3

    Nov 13, 2010, 12:10 AM
    Dr equipment/machinery
    Cr if cash put cash
    If on account put accounts payable
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