Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment

Question

2 years ago

6

Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment

purchased for $65,000 on January 3, 2019, has an estimated life of 6 years and an estimated salvage value of $3,800. The firm uses the straight-line method of depreciation. Determine the adjustment for the month ended January 31, 2019.
Record adjusting entry for depreciation.

Business

1 answer:

Korvikt [17] · Answer 1 · 2022-08-22T18:51:38+03:00

Korvikt [17]2 years ago

5 0

Answer:

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