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    angeltey's Avatar
    angeltey Posts: 1, Reputation: 1
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    #1

    Nov 23, 2013, 05:14 PM
    E9-10 Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008
    E9-10
    Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008.
    It has been depreciated using the straight-line method based on estimated salvage value of
    $5,000 and an estimated useful life of 5 years.
    Instructions
    Prepare Beka Company's journal entries to record the sale of the equipment in these four independent
    Situations.
    (a) Sold for $28,000 on January 1, 2011.
    (b) Sold for $28,000 on May 1, 2011.
    (c) Sold for $11,000 on January 1, 2011.
    (d) Sold for $11,000 on October 1, 2011.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

    Nov 23, 2013, 07:39 PM
    Amazing! You have the exact homework as another poster!
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