Business, 18.12.2019 00:31 karlavanderwalt9570

Mercury inc. purchased equipment in 2019 at a cost of $400,000. the equipment was expected to produce 700,000 units over the next five years and have a residual value of $50,000. the equipment was sold for $210,000 part way through 2021. actual production in each year was: 2019 = 100,000 units; 2020 = 160,000 units; 2021 = 80,000 units. mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date.
prepare the journal entry to record the sale.

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Mercury inc. purchased equipment in 2019 at a cost of $400,000. the equipment was expected to produc...

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