Complete the plant asset record for the following asset. The business used the asset for the entire estimated useful life. HINT: the asset was only used the first 6 months in the year it was purchased. Complete the YEAR, Annual Depreciation Expense, Accumulated Depreciation and Ending Book Value columns. The business sold this asset on June 28, 2006. The disposal amount received was $1,100.00 Complete the disposal section of the plant asset record and journalize the disposal transaction using the journal provided. HINT: the asset was sold for MORE THAN the Estimated Salvage Value. The journal page is 8 and the source document for the disposal transaction is Receipt 9. Asset 2 PLANT ASSET RECORD No. Description Freezer Date Bought July 6, 2002 Date Estimated Useful Life Disposed of: 4 years 71 Serial # SDF5T67 Estimated Salvage Value Discarded $1,000.00 Sold General Ledger Account No. 1160 G/L Account Store Equipment Original Cost $4,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method Straight-Line Traded Ending Book Value

Complete the plant asset record for the following asset. The business used the asset for the entire estimated useful life. HINT: the asset was only used the first 6 months in the year it was purchased. Complete the YEAR, Annual Depreciation Expense, Accumulated Depreciation and Ending Book Value columns. The business sold this asset on June 28, 2006. The disposal amount received was $1,100.00 Complete the disposal section of the plant asset record and journalize the disposal transaction using the journal provided. HINT: the asset was sold for MORE THAN the Estimated Salvage Value. The journal page is 8 and the source document for the disposal transaction is Receipt 9. Asset 2 PLANT ASSET RECORD No. Description Freezer Date Bought July 6, 2002 Date Estimated Useful Life Disposed of: 4 years 71 Serial # SDF5T67 Estimated Salvage Value Discarded $1,000.00 Sold General Ledger Account No. 1160 G/L Account Store Equipment Original Cost $4,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method Straight-Line Traded Ending Book Value

Name: Please also complete cash receipt journal, thank you! Complete the pla
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Please also complete cash receipt journal, thank you! Complete the plant asset record for the following asset. The business used the asset for the entire estimated useful life.HINT: the asset was only used the first 6 months in the year it was purcha