Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value
Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 14RE: (Appendix 11.1) Auburn Company purchased an asset on January 1, Year 1, for 150,000. The asset has a...
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Please also complete cash receipt journal, thank you!
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