A review of Misha's Crystal Ball, Inc's. fixed asset purchases during the fiscal year noted the following fixed assets and the method of depreciation:
tabletableEquipmentItem NoCost,tableSalvageValuetablePurchaseDateEstimated Life,Depreciation Method$$ years,Straightline$ years,tableDoubledecliningbalance
Required Be sure to show your work and round to two decimal places, dollars and cents:
a Calculate the depreciation expense for equipment item for Year and Year for the year ended December and
b Calculate the depreciation expense for equipment item for Year and Year for the year ended December and
points extra credit create the journal entries for Year for Equipment items &
