NEED HELP!!!!!!! I have some of it figured out but im still confused....... Equipment acquired on January 5, 2011, at a cost of $885,240, has an estimated useful life of 12 years, has an estimated residual value of $73,080, and is depreciated by the straight-line method.Assume that the equipment was sold on October 1, 2015, for $518,700. Journalize the entry to record depreciation for the nine months until the sale date. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.
Posted on: Sun, 30 Mar 2014 01:11:53 +0000
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