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What adjusting entrys do I use for straight line depreciation
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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
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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.
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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
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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 make this adjusting entry, how would our... View more questions Search
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