Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Need help with question about depreciation and updating accumulated depreciation?
[ 1 Answers ]
Depreciation
Accounting Depreciation Question
[ 4 Answers ]
On September 5th , 2009 Apollo purchased equipment costing $40,000 with an estimated life of 6 years and an estimated salvage value of $4,000. Compute the depreciation expense Apollo would recognize on this equipment in 2009 assuming. a. Straight-Line depreciation rounding fractional time to the...
Depreciation Question
[ 1 Answers ]
Fred's, Inc. purchased machinery at a cost of $20,000 on January 1, 2009. The expected useful life is 5 years and the asset is expected to have salvage value of $1,000. Fred's depreciates its assets via the double-declining balance method. What is the firm's gain or loss if the machinery is sold...
Accumulated Depreciation Question
[ 1 Answers ]
Can anyone help me please? I have the following questions: If I sell a Business Vehicle, that has not fully depreciated, what journal entry/entries do I need to make to get it off my books? For example, if the Vehicle cost me $25,000, A/D was $18,000, and I sold it for $10,000? I'm new at... View more questions Search
|