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cats1224
Nov 28, 2016, 10:19 AM
I need help adjusting these two entries:

Automobile $14,200
Accumulated amortization at start of period: $9,546.94
Rate: 20%
(Adjust for whole year)

Building $147,100
Accumulated amortization at start of period: $8,650.66
Rate: 2%
(Adjust for whole year)

paraclete
Dec 1, 2016, 08:51 PM
So are you asking us to do the maths for you? The two sides of the entry are depreciation expense and accumulated depreciation. To do the job properly you need to know what method is being used.