Business, 07.05.2020 00:02 Kaitlyn2321
Flounder Corporation owns equipment that cost $50,400 when purchased on April 1, 2013. Depreciation has been recorded at a rate of $8,400 per year, resulting in a balance in accumulated depreciation of $39,900 at December 31, 2017. The equipment is sold on July 1, 2018, for $10,080.
Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers: 3
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Business, 22.06.2019 16:50
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Answers: 2
Flounder Corporation owns equipment that cost $50,400 when purchased on April 1, 2013. Depreciation...
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