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Prachna Premium Products purchased several cash registers in June 2007 fr $3,000. The
Prachna Premium Products purchased several cash registers in June 2007 fr $3,000. The cash register were expected to last three years with no salvage value. Prachna uses the straight-line depreciation methods.
After experiencing theft losses, Prachna decided to upgrade its cash registers to ones with optical scanners in June 2008, Prachna was able to sell the old cash registers to Andrew Young for $2,150. Prepare the journal. |
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